Samsung, SK Hynix record earnings fuel South Korea spending on AI, youth

What happened: Samsung Electronics and SK Hynix continue to post record earnings on the artificial intelligence boom, and South Korea's government is tapping those resources to reinforce the country's industrial base. Why it matters: The chipmakers' tax contributions are being reinvested into future growth, with Samsung rushing to build a new factory near Seoul to meet growing demand.

Samsung Electronics and SK Hynix continue to post record earnings on the artificial intelligence boom, and South Korea's government is tapping those resources to reinforce the country's industrial base.

The chipmakers' tax contributions are being reinvested into future growth, with Samsung rushing to build a new factory near Seoul to meet growing demand.