South Korea Commits $6.9 Billion to Lead in AI Semiconductors
• South Korea to invest $6.94 billion in artificial intelligence by 2027 to retain leadership in semiconductor chips • Effort includes separate $1.2 billion fund to support AI semiconductor companies • Semiconductors vital to South Korea's export-driven economy, made up nearly 20% of exports in March • Investments to expand R&D in AI chips like neural processing units and next-gen memory chips • Aims to make South Korea top 3 globally in AI technology and take 10%+ share of system semiconductor market by 2030