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13 NovBusiness & IndustryThe Japan Times

South Korea to double spending on AI and chips in 2027

AIAI-generated summary South Korea will double spending on artificial intelligence and semiconductors in 2027 to a record high, the president stated Monday. President Lee Jae Myung announced that 21.3 trillion won will be allocated to chipmaking and artificial intelligence in his annual budget speech.

AI Chips Funding

Also covered by CNBC
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