South Korean tech giants plan chip investments amid Volkswagen asset sale considerations

South Korean technology firms Samsung Electronics and SK Hynix are reportedly planning significant investments in chip manufacturing and AI data centers. While one report's headline indicated a figure of $1.3 trillion, the detailed breakdown suggests approximately $876 billion, comprising $520 billion for four new chip plants and $356.36 billion for three AI data centers. Meanwhile, German automaker Volkswagen is considering selling key assets like PowerCo, Traton, or Ducati, following plans to cut 100,000 jobs, a move analysts believe might not fully stabilize the company. A survey by Invesco reveals that sovereign wealth funds and central banks, managing $29 trillion, are increasingly focusing on energy assets and expressing growing concerns about the US dollar's future. European aluminum manufacturers are urging Brussels to close a loophole allowing sanctioned Russian aluminum into the EU via third countries. Additionally, Ukraine has received €3.8 billion from the European Union, earmarked for drone production and its defense industry. Sources: Forbes Ukraine