Samsung, SK Hynix to Spend $880 Billion on Chips, Data Centers

Summary

Bloomberg's Shona Ghosh reports on South Korea's orchestrated plan for Samsung and SK Hynix to spend 1,350 trillion won ($880 billion) on chip fabs and data centers, a massive digital infrastructure outlay seen as essential to compete in the AI era. She benchmarks the effort against huge US and China spending, and highlights the EU's relative lag.

• South Korea is orchestrating at least 1,350 trillion won ($880 billion) in chip and data center investments from Samsung and SK Hynix
• Samsung and SK Hynix account for 80% of the global memory chip market
• The companies plan to build new chip fabs to supply AI data centers being built by Microsoft, Google, and others
• The US is spending many billions on AI data infrastructure across its own companies
• China has an approximately $300 billion plan for similar infrastructure, driven more by the state
• The EU is lagging far behind, with AI infrastructure plans under $100 billion