Global Market: Samsung, SK Hynix double down on AI chip boom with massive investment push despite oversupply risks

Samsung and SK Hynix have pledged a combined investment of about 3,200 trillion won ($2.07 trillion) in new semiconductor clusters and fabrication plants, backed by the South Korean government's plan to double memory chip production capacity within five years. The expansion is driven by surging demand for high-bandwidth memory chips from AI hyperscalers, though analysts warn of oversupply risks given the chip industry's history of boom-and-bust cycles.