On Wednesday, South Korea's Ministry of Trade, Industry and Energy made an announcement that next month, the nation is set to initiate a colossal 1 trillion won (roughly equivalent to $687.8 million) project focused on the development of on-device AI semiconductors. This substantial investment will be a collaborative effort between the government and private enterprises, spanning over the course of the next five years. The overarching goal is to create approximately 10 distinct types of AI chips, tailored specifically for applications in cutting-edge domains such as autonomous vehicles, intelligent home appliances, and humanoid robots, reflecting South Korea's commitment to staying at the forefront of technological innovation.
