Hyundai Motor Group to invest $6.3 billion in AI data centre, robot factory in South Korea


FILE PHOTO: The logo of Hyundai Motor Company is pictured at the New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. REUTERS/Andrew Kelly/File Photo

SEOUL, Feb 27 (Reuters) - ⁠Hyundai Motor Group and South Korea on ⁠Friday signed a deal to invest about ‌9 trillion won ($6.26 billion) to build an AI data centre, a robot manufacturing factory and other developments in the ​country's western coastal region, the ⁠land ministry said.

Here are ⁠some details* Hyundai Motor Group to invest about ⁠5.8 ‌trillion won to build an AI data centre, which will deploy 50,000 ⁠graphics processing units, the ministry said.

* Group ​will spend ‌400 billion won on a factory to produce ⁠robots including ​wearable ones.* Group will invest 1 trillion won in hydrogen production facilites, another 1.3 trillion won ⁠in solar generation.

* Saemangeum is ​a massive national land reclamation project that began more than 20 years ago on the country's west ⁠coast, partly to secure farmland and later to bring industrial clusters to a region that had long been considered a disadvantaged.

* The Jeolla ​provinces where the area is ⁠located has been a traditional support base for ​the country's political liberals, including ‌South Korean President Lee ​Jae Myung's Democratic Party.

(Reporting by Hyunjoo Jin and Jack Kim Editing by Ed Davies)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Analysis-AI boom will be no free pass for debt-laden major economies
Rise of the robots pits Hyundai’s Atlas against Musk’s Optimus
Exclusive-Nintendo plans around $1.9 billion share sale by Kyoto bank and others, sources say
Samsung uncommited to another iPhone Air rival or Trifold, COO says
CoreWeave slides as surging capex, backlog risks overshadow small revenue beat
Burger King tests AI headsets to detect 'welcome,' 'thank you' responses
Australian supermarket giant reins in AI assistant claiming to be human
Where AI lives: Southeast Asia's data centre boom
Binance cannot arbitrate customer claims over crypto losses, US judge rules
UK activists plan protests over climate, social impacts of AI data centres

Others Also Read