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On Monday, Samsung Electronics and SK Hynix saw their stock prices plunge, with Samsung Electronics falling 4.7% and SK Hynix dropping 3.1%.
The Korea Economic Daily reported that Samsung Electronics and SK Hynix will announce a major investment plan of up to 2,000 trillion won (approximately $1.3 trillion) over the next 10 years.
South Korea's presidential office said on Sunday that the investment plan will be announced at a government briefing at 2 p.m. local time on Monday. The meeting will be chaired by President Lee Jae-myung.
The news comes after Maeil Business Newspaper reported last Friday that Samsung Group will unveil a 10-year investment plan totaling 1,000 trillion won (about $646 billion).
According to Maeil Business Newspaper, Samsung's 10-year investment blueprint will cover areas such as semiconductor wafer fabs, AI data centers, advanced packaging, batteries, and displays. This includes approximately 300 trillion won for new wafer fabs in southwestern South Korea, 360 trillion won for the Yongin semiconductor cluster, and more than 350 trillion won for AI data centers. The report did not specify whether there is overlap between these amounts.