Samsung and SK Hynix plan $590 billion chip investment as AI demand sends memory prices soaring

Samsung and SK Hynix, backed by the South Korean government, are pouring $590 billion into new chip factories and packaging centers as AI data center demand surges. According to Jefferies, memory prices could climb to 50 percent per quarter through 2027. The two companies control nearly 80 percent of the global HBM market. The article Samsung and SK Hynix plan $590 billion chip investment as AI…