Samsung Electronics (KRX:005930), SK Hynix (KRX:000660), and SK Telecom (KRX:017670) plan to invest massively across South Korea to meet the increasing demand for AI memory around the globe, according to several filings with the Korea Exchange and a press release by SK Hynix on Monday.
Samsung Electronics plans to invest about 2,450 trillion won by December 2040, including 2,100 trillion won in semiconductors, to expand chip clusters in Yongin and Gwangju, build HBM fabs in Cheonan and Onyang, and establish a humanoid robot production line in Gumi, the chipmaker said in a Monday filing with the Korea Exchange.
SK Hynix plans to invest 1,100 trillion won, which includes 600 trillion won in investments in the Yongin Semiconductor Cluster, 100 trillion won in Cheongju, and 400 trillion won to develop a new semiconductor cluster in the country's southwestern region, the chipmaker said in a Monday release.
SK Hynix also aims to complete the fourth Yongin fab by 2033, which was previously scheduled to be completed by 2045.
Finally, SK Telecom plans to develop 15 gigawatts of AI data center capacity in phases to meet the increasing AI infrastructure demand. The first phase targets 5 gigawatts of capacity from 2029, followed by an additional 10 gigawatts by 2035, conditional on market demand and progress of the project, the telecommunications firm said in a Monday filing with the Korea Exchange.
Shares of Samsung Electronics fell nearly 5%, and SK Hynix shed 2% at market close.