Mmastodon TechnologySemiconductors first seen 9 h ago, last 1 h ago, peak #3

South Korea to build power grids for $570 billion chip project

Original: South Korea is moving past simple tax breaks to solve its chip crisis. To support an 800 trillion won semiconductor mega

South Korea is broadening its semiconductor strategy beyond tax incentives for an estimated 800 trillion won chip megaproject. The government will directly invest in critical power and water infrastructure to support fabrication clusters, while companies such as SK Group and HD Hyundai push ahead with AI-related technology deployments, signaling a more hands-on state role in securing the industry's future.

Why now: Seoul's shift to direct infrastructure spending reflects growing urgency over global chip competition and supply-chain security.

South KoreaSK GroupHD Hyundai

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• South Korea is moving past simple tax breaks to solve its chip crisis. To support an 800 trillion won semiconductor megaproject, the government is stepping in to directly build out critical power and water grids. With tech giants like SK Group and HD Hyundai deploying AI… · asiaai · 1

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