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Lee Pledges to Double Chip Output in 5 Yrs, Build AI Supply Chains Free of Disruption
South Korean President Lee Jae Myung pledged to double semiconductor production capacity within five years by expanding a chip production hub.
Lee said South Korea would build critical artificial intelligence supply chains that can withstand external shocks.
At an investment summit in New York, Lee urged U.S. investment and promoted reforms to attract global capital.
Lee highlighted a Future Fund to support artificial intelligence infrastructure and talent, along with changes to capital and foreign exchange markets.
I have read the full transcript and what interests me is not the goal, but how you intend to pay it. South Korean President Lee Jae Myung took the stage of Korea Investment Summit in New York yesterday to sell the chips from South Korea to a global capital auditorium, and he did so with two commitments: to double national production capacity in five years and to build artificial intelligence supply chains that do not break when the next hit come…