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South Korean minister expects the global memory market to quadruple within five years.

2026-06-29

South Korean minister expects the global memory market to quadruple within five years.

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2026-06-29

Spain June CPI preliminary YoY 3.2% vs 3.0% expected; May final 3.2%.

Spain June CPI preliminary YoY 3.2% vs 3.0% expected; May final 3.2%.
2026-06-29

South Korea on Monday announced large-scale projects in chips, physical AI and AI data centers. President Lee said Seoul must accelerate development of AI inputs and complete chip production capacity quickly, noting current plant sitting is close to

South Korea on Monday announced large-scale projects in chips, physical AI and AI data centers. President Lee said Seoul must accelerate development of AI inputs and complete chip production capacity quickly, noting current plant sitting is close to water and infrastructure limits. The government plans southwest investment of 5–20 tln won, with Gwangju and Jeolla projects potentially totaling 520 tln won. It expects to build four new fabs in the southwest at about 800 tln won; Samsung Electronics and SK Hynix will each build two new plants. Over the next 15 years the government projects at least 30 tln won of chip-sector investment in next‑generation memory, edge AI and defense, and forecasts a Chungcheong packaging cluster of about 81 tln won. AI data‑centre construction is estimated at roughly 550 tln won. Seoul aims to double DRAM production capacity within five years and expects the global memory market could expand fourfold over that period. The government said it will seek to share growth gains with the public.
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