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Industry

South Korea\'s President Lee, business leaders meet in San Francisco to reshape AI supply chain

South Korean President Lee Jae-myung issued a “San Francisco AI Declaration” in San Francisco on July 24, pledging to make the country an indispensable axis of the global AI supply chain. He cited a 4,700 trillion won AI project investment announced in June and investment initiatives by domestic and foreign firms whose combined enterprise value exceeds 2 quadrillion won. The focus includes memory and foundry semiconductors, autonomous driving and AI factories.

AI & Enterprise

Nvidia steps up cooperation with South Korea to expand AI ecosystem at San Francisco AI summit

Nvidia said South Korean President Lee Jae-myung and leading South Korean business figures and researchers will meet Nvidia and ecosystem partners at an AI summit in San Francisco this week to explore the direction of AI development in South Korea. As a first step, Nvidia and the Korea Advanced Institute of Science and Technology said they will set up a joint AI research centre at KAIST in Seoul to advance agentic AI.

Industry

Battery industry shifts to foundry model with Western design and Asian manufacturing

The battery industry is moving toward a division of labour similar to semiconductors, with Western companies focusing on next-generation chemistry design and intellectual property while Asian manufacturers handle mass production, industry officials say. The shift reflects limits on building and running gigafactories, weaker manufacturing competitiveness in Europe and the United States, and U.S. rules requiring the exclusion of certain China-linked supply chains. A wider range of battery chemistries and growing small-lot demand are also accelerating outsourcing.