$518 billion poured into AI chips, South Korea's move directly drains the capital cycle from the crypto space. Samsung and SK Hynix are building factories ten years ahead of schedule, and the AI computing power arms race has entered a white-hot stage.

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CoinWorld News: South Korea plans to invest $518 billion in developing AI chips, with Samsung and SK Hynix building chip factories ten years ahead of schedule to meet AI memory demand. This is seen as the latest and largest sign of the AI capital cycle siphoning funds away from the cryptocurrency market.
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