Global business shifts: Chip investments, Russian aluminum, sovereign fund pivots, VW sales, Ukraine AI
Samsung and SK Hynix plan massive chip and AI data center investments. European aluminum producers seek to close a loophole for Russian aluminum. Sovereign funds pivot to energy, expressing doubts about the US dollar's future. Volkswagen considers selling assets like Ducati and P
South Korean tech companies Samsung Electronics and SK Hynix are reportedly planning significant investments for new chip manufacturing plants and artificial intelligence data centers. While one report's headline suggests approximately $1.3 trillion, its lead details investments of about $520 billion for four chip factories and an additional $356.36 billion for three AI data centers. European aluminum producers are urging Brussels to address a loophole facilitating sanctioned Russian aluminum's entry into the EU. Separately, sovereign funds and central banks, managing $29 trillion, are shifting investments to energy assets and raising concerns about the US dollar. Volkswagen may sell assets like Ducati and PowerCo after layoffs, though this might not fully stabilize the automaker. Domestically, Ukraine's DTEK energy holding has initiated a five-year program to integrate artificial intelligence across its business operations. Sources: Forbes Ukraine
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Earlier coverage
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