Samsung, SK Hynix Record Earnings Fuel South Korea Spending on AI and Youth
AI News Brief: Samsung and SK Hynix keep posting record profits riding the AI boom, and South Korea’s government is reinvesting the tax windfall from these two chip giants to strengthen the domestic industrial base. The report notes Samsung Electronics is speeding up construction of a new fab near Seoul to meet surging demand for AI chips, while SK Hynix is likewise racking up record revenue and profit on AI-driven demand. South Korea’s government is channeling the sharp jump in tax revenue from these chip giants into…