South Korea Plans $16 Billion for AI and Chips
South Korea has realized that pretty speeches about future technologies may make headlines, but they do not build new factories, power lines, or HBM packages. On November 2, President Lee Jae Myung defended a record budget for 2027 in parliament and announced plans to invest 21.3 trillion won, equivalent to around 16 billion US dollars, in AI and three key areas: semiconductors, Physical AI, and AI data centers. According to Reuters, that would be nearly twice as much as in the current year. This is not yet a finalized spending...