Billionaire Jay Y. Lee's Samsung starts $900m AI chip plant

Nvidia Corp. participated in a $668M funding round for GMI Cloud with South Korean investors. Samsung began mass production of Nvidia's Groq 3 LPX inference chip. LG plans to unveil a humanoid robot in Q1 2027 with Nvidia's support. Nvidia will invest $1B in Naver for a 4.5% stake. Samsung is developing an AI accelerator chip to compete with Nvidia and Qualcomm. Nvidia's CEO expressed interest in investing in South Korea's robotics and AI sectors.

Samsung Electronics and South Korean President Lee Jae Myung initiated a 4.7 quadrillion won ($3.5 trillion) megaproject in the Chungcheong region, focusing on AI and semiconductor development. Samsung plans to invest 46 trillion won in high bandwidth memory (HBM) production lines and 144 trillion won total in the region. The project aims to transform Samsung's Onyang campus into an advanced packaging hub for AI semiconductors, with operations expected to begin by June 2028.

A former Samsung Electronics researcher was indicted for leaking EUV chip technology. The researcher, who worked for 20 years, accessed documents via a shared computer before resigning and transcribed them at a university. The leaked technology is crucial for Samsung's future business, including foundry operations and memory chip manufacturing.

Samsung Electronics began construction on a 144 trillion-won chip project in South Chungcheong Province, aiming to create a hub for advanced memory packaging. The investment, up from 140 trillion won, includes facilities for HBM, OLED, AI chips, and batteries. President Lee Jae-myung and Chairman Jay Y. Lee emphasized rapid progress and regional growth. The project is expected to boost local economies and create jobs, with government support for infrastructure and workforce development.

Samsung Electronics (005930) and affiliates plan to invest 144 trillion won in South Korea's Chungcheong region, including 6 trillion won for advanced chip packaging. President Lee Jae-myung attended the groundbreaking ceremony, highlighting the project's role in regional development and industrial ecosystems. Samsung aims to expand investments in Honam and Yeongnam regions, with government support for infrastructure and permits.

Samsung Electronics began construction on Line 5 at its Onyang Campus, an advanced-packaging fab for semiconductors, set to open in June 2028. The 6 trillion won investment aims to meet growing demand for high-bandwidth memory (HBM), with the global market expected to reach $51 billion by 2031. Samsung aims to compete with SK hynix in the HBM market, leveraging its packaging capabilities.