South Korea’s strong presence in the memory chip market and its flourishing artificial intelligence ecosystem give it a competitive edge in the global AI chip race, according to industry experts. South Korea’s leadership in the memory market is a significant advantage for AI, which heavily relies on memory. The country aims to become one of the top three powerhouses in AI by 2027, trailing only the U.S. and China. With large language models like ChatGPT demanding high-performance memory chips, South Korea’s position in the memory semiconductor field is crucial.
Samsung Electronics and SK Hynix, two of the world’s largest dynamic random-access memory chipmakers, have been investing heavily in AI research and development to enhance their capabilities. Samsung’s commitment to spending on technology shows its determination to maintain its leadership position. The company plans to invest $228 billion in a new semiconductor facility in South Korea. South Korea’s robust local AI ecosystem also enables it to compete with global tech giants.
In terms of market share, Samsung holds 40.7% and SK Hynix holds 28.8% during the fourth quarter of 2022, followed by Micron at 26.4%, as per TrendForce data. Memory chips play a crucial role in various devices like computers, smartphones, and tablets as storage devices. South Korea’s AI chip development received support from OpenAI’s CEO, Sam Altman, who emphasized the importance of South Korea leading AI chip production.
The South Korean government is heavily investing in AI, with plans to allocate $786 million for AI semiconductor research and development over the next five years. AI’s application in various domains can drive economic growth and productivity. South Korea will also invest $77.6 billion through 2030 for high-end chips, data centers, and supporting startups. In a bid to challenge U.S. chip giants, South Korean startup Rebellions claimed its new chip outperforms Nvidia’s GPUs by more than three times in terms of AI workload.
Overall, South Korea’s dominance in the memory chip market, its commitment to AI research and development, and government support provide it with a significant advantage in the global AI chip race. The country’s goal of becoming a top player in AI is within reach, thanks to its strong infrastructure and strategic investments.
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