---
title: "Samsung’s $647bn home investment heads for the chip-starved southwest"
url: https://daily.dev/posts/samsung-s-647bn-home-investment-heads-for-the-chip-starved-southwest-vugiqfyal
source_url: https://thenextweb.com/news/samsung-647bn-south-korea-investment
type: article
source: "The Next Web"
published: 2026-06-26T10:17:27.018Z
updated: 2026-06-26T10:17:45.631Z
tags: ["ai", "samsung"]
reading_time: 4
upvotes: 0
comments: 0
language: en
---

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# Samsung’s $647bn home investment heads for the chip-starved southwest

**[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments

## Summary

Samsung is expected to announce a 1,000 trillion won ($647.5bn) investment in South Korea over the next decade, with roughly 300 trillion won earmarked for chip factories in the country's southwest — a region historically excluded from the semiconductor boom. The announcement is set for June 29 at the presidential office, where SK Hynix executives will also present their own investment plans. The broader portfolio covers AI data centers, batteries, and displays. The figure comes from media reports rather than an official Samsung statement, and the decade-long timeframe means annual spending aligns more closely with Samsung's existing capex than the headline number suggests. The event is as much a political statement as a financial one, with Seoul pressing its national champions to build domestically amid surging AI-driven demand for high-bandwidth memory.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://thenextweb.com/news/samsung-647bn-south-korea-investment>

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---

Tags: [#ai](https://daily.dev/tags/ai), [#samsung](https://daily.dev/tags/samsung)

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