Key facts
- A military airport in Gwangju, South Korea, has been selected as the location for a new semiconductor production cluster.
- The project is a government-led initiative aimed at large-scale investment in semiconductors, AI, and AI data centers in regional areas.
- Samsung Electronics and SK hynix have committed to investing a combined 800 trillion won (approximately $522 billion) in the cluster.
- This investment marks the largest to date in the Gwangju and Honam region.
- Presidential chief of staff Kang Hoon-sik announced the selection and stated that the president will personally oversee the project's progress through monthly meetings.
A military airport located in the southwestern city of Gwangju has been designated as the site for a significant semiconductor production cluster, according to a presidential official. The decision was finalized during a meeting involving government officials and top executives from leading chip manufacturers Samsung Electronics and SK hynix. This initiative is a key component of the government's broader "three megaprojects" strategy, which focuses on substantial investments in semiconductors, physical artificial intelligence, and AI data centers within regional areas.
Under the plan, Samsung Electronics and SK hynix are set to invest a combined total of 800 trillion won (approximately $522 billion). This figure represents the largest investment ever planned for the Gwangju and Honam region. Presidential chief of staff Kang Hoon-sik confirmed the selection and emphasized the president's commitment to the project, announcing that monthly meetings will be held to personally monitor its progress.