COINDESK: BITCOIN, ETHEREUM, CRYPTO NEWS AND PRICE DATA·CRYPTO·
South Korea’s $518 billion AI chip push shows crypto is still losing the capital race
As reported by CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Samsung and SK Hynix are pulling a chip-plant buildout forward by a decade to meet AI memory demand. It is the latest and largest sign of the AI capital cycle that has drawn money away from crypto all year.
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South Korean giants Samsung and SK Hynix are significantly accelerating their chip plant construction, advancing plans by a decade. This move is driven by surging global demand for AI memory, signifying a massive capital shift towards artificial intelligence. The $518 billion…
Samsung, SK Hynix accelerate chip plant construction.
AI memory demand drives accelerated chip plant buildout.
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