S Korea plans chip windfall fund to back AI investment

S Korea plans chip windfall fund to back AI investment South Korea plans to create a new fund to channel tax wi n dfalls from the country’s se m i conductor boom into su pporting younger generati ons and invest in future gro wth industries such as artificial intelligence (AI), the budget ministry said on Friday. The proposed “Future Response Fund” would finance programmes aimed at helping young people find jobs, buy homes and start families, while also supporting investments in AI, regional development and talent development, said a ministry press release. reuters