Lee Pledges to Double Chip Production and Build Resilient AI Supply Chains

South Korean President Lee Jae Myung has announced a bold initiative to double the country's semiconductor production capacity within the next five years. This plan was unveiled during the Korea Investment Summit held in New York, where Lee emphasized the importance of attracting new U.S. investments to support this ambitious goal.

Lee highlighted the need for resilient AI supply chains that can withstand external disruptions. He referred to the government's earlier launch of 'three megaprojects' aimed at enhancing chip production and developing AI infrastructure. The president expressed confidence that these efforts would significantly bolster South Korea's position in the global technology landscape.

In his address, Lee mentioned the establishment of a 'Future Fund' to reinvest profits from the AI chip boom into nurturing industrial infrastructure and talent. He also outlined plans to create favorable market conditions for global capital investment, including legal reforms to enhance shareholder value and improve the foreign exchange market's accessibility.

The president's remarks come at a time when South Korea is positioning itself as a key player in the semiconductor industry, aiming to strengthen its technological capabilities and maintain competitiveness on the global stage.