South Korea's Lee pledges to double chip output in 5 years, build resilient AI supply chains

South Korean President Lee Jae Myung announced a national strategy to double semiconductor production within five years and construct AI supply chains resilient to disruption. The pledge signals a major state-backed push to secure Korea's position in the global AI hardware race, with implications for chip supply and trade dynamics. Specific policy mechanisms and funding remain unspecified, and the plan's feasibility is uncertain.