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AI & Enterprise

UBS says China big tech to reap AI investment gains within 2-3 years

China\'s internet giants are likely to capture a larger share of artificial intelligence profits within 2 to 3 years, UBS said. It expects pricing power to shift from upstream chip and infrastructure players to downstream internet platforms as supply constraints ease. The view comes as Tencent and Alibaba ramp up AI spending, weighing on cash flow. UBS also highlighted cost efficiency in China’s AI sector, citing lower training and API costs than global peers.

AI & Enterprise

South Korea to invest over 200 trillion won in R&D over five years, targeting AI and semiconductors

South Korea plans to invest more than 200 trillion won in research and development over five years through 2030, focusing on three mega projects including AI, semiconductors and physical AI. The Science and ICT Ministry said the investment strategy will guide national R&D direction, milestones and portfolios. The plan also prioritises seven future growth engines such as advanced bio, quantum and space, and expands support for basic research, state-funded institutes and talent.

Industry

Semiconductor tax windfall to fund \'future response\' scheme, but materials and equipment support missing

South Korea plans to use at least 100 trillion won in tax revenue expected from a semiconductor boom for future investment through a new fund, but critics say the plan leaves out support for materials, parts and equipment suppliers. A bill on the fund has completed a legislative notice period and would take effect upon promulgation. Officials expect much of the funding to come from higher corporate tax receipts as semiconductor profits are reflected.