Samsung and SK Hynix to Announce Major Investment Plan on Monday

BlockBeats News, June 28th - According to The Korea Times, the South Korean presidential office announced on Sunday that Samsung Electronics and SK Hynix will unveil a major investment plan at a meeting on Monday presided over by President Lee Jae-myung. The related investment will be announced at a briefing at the Blue House on Monday at 2:00 p.m. Korean time (1:00 p.m. Beijing time), aimed at introducing the government's "Three Major Super Projects" to achieve regional balanced development.

A spokesperson added that the plan is being jointly promoted by the Ministries of Trade, Technology, Transport, and Energy. Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Choi Tae-won will attend the event and participate in discussions with other attendees.

Industry observers expect that these two chipmakers will invest over 100 trillion Korean won (approximately $650 billion) in the next 10 years, which may include the possibility of developing a semiconductor industry cluster in the southwestern region of Hwaseong. President Lee Jae-myung referred to this investment on Saturday as a "historic achievement" and a policy move that could potentially change the fate of South Korea.