Tech giants invest in AI chips, European firms target Russian aluminum loophole, and sovereign funds shift to energy

South Korean tech companies Samsung Electronics and SK Hynix are reportedly planning significant investments totaling approximately $876 billion for four new chip manufacturing plants and three artificial intelligence data centers. Meanwhile, European aluminum producers are advocating for Brussels to close a loophole facilitating the entry of sanctioned Russian aluminum into the EU market through third countries. Separately, sovereign funds and central banks, overseeing $29 trillion in assets, are reorienting their investments towards energy assets while expressing growing concerns about the US dollar's future. Volkswagen is reportedly considering the sale of key assets, including Ducati and PowerCo, following substantial employee reductions, though this may not fully stabilize the German automaker. Domestically, Ukraine's DTEK energy holding has initiated a five-year program to integrate artificial intelligence across its business operations.

Sources: Forbes Ukraine