South Korea, Samsung, SK Hynix commit $520B to expand memory chip dominance

South Korea announced an 800 trillion won ($520 billion) public-private investment plan with Samsung and SK Hynix to build four new fabs and HBM facilities. The plan aims to solidify the country's lead in memory chips, dwarfing the US CHIPS Act by tenfold. Government support includes tax incentives and infrastructure for the semiconductor cluster.