Market Chatter: South Korea Talks Chip Investments with Samsung Electronics, SK Hynix

MT Newswires Live

Jun 24

South Korea is in discussions with chipmakers Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) over the next phase of large-scale semiconductor investments, Reuters reported Wednesday, citing presidential policy adviser Kim Yong-beom at a discussion panel.

Kim said that AI-driven demand growth may require the two chipmakers to boost planned chip facility construction by more than 10 years to 2034-2035, while the government looks for space to build a second semiconductor cluster, the report said.

Shares of Samsung Electronics rose more than 4% in recent trade, and those of SK Hynix fell over 2%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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