South Korea to double spending on AI and chips in 2027

South Korea will double spending on artificial intelligence and semiconductors in 2027 to a record high of $16 billion, President Lee Jae Myung said Monday in his annual budget speech to parliament.
The country is a tech powerhouse home to Samsung Electronics and SK hynix, two of the world’s three biggest makers of memory chips — computer components in huge demand thanks to the AI boom.
“We… Details