S Korea aims to develop 50 AI chips by 2030

Seoul: South Korea targets to develop up to 50 types of artificial intelligence-focused system semiconductors by 2030, the ICT ministry said Monday, as the country strives to take a leading position in the semiconductor sector beyond its traditional foothold in memory chips.

AI chips refer to high performance and power efficient semiconductors that specialize in AI services.

Early this year, South Korea placed big bets on developing the next-generation chips with a plan to spend around $871 million until 2029.