South Korea Earmarks $1 Trillion for Chip, AI Investment

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South Korea has announced one of its biggest technology investment plans ever. The country plans to spend more than $1 trillion over the coming years to strengthen its leadership in semiconductor chips and artificial intelligence (AI). The government believes this investment is necessary to stay ahead in the fast-growing global technology industry.

For Asian firms like Alibaba Group Holding Ltd. (NYSE: BABA) that are leading players in the continent’s tech sector, the ambitions of South Korea to supercharge its AI ecosystem will present considerable…

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