Samsung is doubling down on the global AI surge. It is announcing a massive $310 billion investment plan to expand its footprint across advanced chips, data centers, and next-generation technologies over the next five years. The centerpiece of this plan is a new semiconductor facility — Pyeongtaek Plant 5 — which is set to begin operations in 2028. This will strengthen both South Korea’s domestic chip ecosystem and the global supply chain.

The company, already a world leader in memory chips used in AI systems, said the new plant will be built to meet rising demand for high-performance chips as AI adoption accelerates worldwide. Samsung SDS will also set up two AI data centers in South Jeolla and Gumi, expanding the group’s digital infrastructure.

Beyond AI, the investment package includes plans for Samsung SDI to explore a domestic production line for next-generation EV batteries. This includes all-solid-state batteries.

The AI boom has already lifted earnings for Samsung Electronics and fellow Korean chipmaker SK hynix. Samsung reported over 30% profit growth in the third quarter on strong demand for AI-related chips.

The announcement follows South Korea’s move to sharply increase national AI spending next year. The government aims to position the country among the world’s top three AI powers.

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