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)

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