Business
Meta and South Korea Announce Multi-Billion-Dollar AI Infrastructure Investments
July 13, 2026 at 05:57 PM
Coverage
6 reports · 4 in Arabic, 2 in English · over 342 hours
AJAl Jazeera Arabic
بتكلفة 50 مليار دولار.. ميتا تبني أحد أكبر مراكز الذكاء الاصطناعي في العالم
(opens the publisher’s site)SNSky News Arabia
شركة ميتا تستثمر 50 مليار دولار لتوسيع أكبر مركز بيانات لها
(opens the publisher’s site)SNSky News Arabia
كوريا الجنوبية تخطط لموازنة قياسية بنحو 531 مليار دولار
(opens the publisher’s site)
TETechCrunch
Can AI answer the $3 trillion question? | TechCrunch
(opens the publisher’s site)
TETechCrunch
Meta's new AI chips will begin production in September | TechCrunch
(opens the publisher’s site)SNSky News Arabia
كوريا الجنوبية تستثمر 576 مليار دولار في رقائق الـ "AI"
(opens the publisher’s site)Meta announced a $50 billion expansion of its Louisiana AI data center, and South Korea unveiled $576 billion in chip and AI investments.
- Meta announced the expansion of its Hyperion data center in Richland Parish, Louisiana, to 5 gigawatts of computing capacity, with investment exceeding $50 billion.
- Meta said it will cover energy and infrastructure costs and signed agreements with Entergy Louisiana for electrical infrastructure.
- South Korean President Lee Jae-myung announced investments exceeding $576 billion over several years in chips and AI, with Samsung and SK Hynix to invest about $517.9 billion in two new chip manufacturing sites.
- The announcement in South Korea was attended by leaders of Samsung Electronics and SK Hynix, as well as representatives from LG Electronics, Hyundai Robotics, and state energy firms.
Latest developments
- Meta will begin production of its latest AI-specific chips in September, developed under the MTIA program with Broadcom's design and TSMC's manufacturing.