Samsung is betting big—$310 billion—for the future of AI and chips
Samsung just dropped news of a massive $310 billion investment over the next five years, mostly aimed at advancing artificial intelligence (AI) and meeting the needs of memory-chip demands.
It's all part of South Korea's push to become a global leader in tech, with plans to triple national AI spending by 2026.
New chip factories and data centers are coming
A chunk of this cash will build a new semiconductor plant at Pyeongtaek (opening by 2028) to meet the world's growing hunger for AI-ready memory chips.
Meanwhile, Samsung SDS is setting up two new AI data centers in South Jeolla and Gumi, boosting Korea's digital infrastructure for the next wave of innovation.
Why it matters
This move lines up with President Lee Jae Myung's vision for South Korea as an AI powerhouse—and it's already paying off: Samsung saw profits jump over 30% last quarter thanks to booming demand from the AI sector.
Plus, they're eyeing next-gen EV batteries too.
If you're curious about how tech giants shape your digital world, this is one story to watch.