Meta and South Korea Announce Multi-Billion-Dollar AI Infrastructure Investments

Meta announced a $50 billion expansion of its Louisiana AI data center, and South Korea unveiled $576 billion in chip and AI investments.

• Meta announced the expansion of its Hyperion data center in Richland Parish, Louisiana, to 5 gigawatts of computing capacity, with investment exceeding $50 billion.
• Meta said it will cover energy and infrastructure costs and signed agreements with Entergy Louisiana for electrical infrastructure.
• South Korean President Lee Jae-myung announced investments exceeding $576 billion over several years in chips and AI, with Samsung and SK Hynix to invest about $517.9 billion in two new chip manufacturing sites.
• The announcement in South Korea was attended by leaders of Samsung Electronics and SK Hynix, as well as representatives from LG Electronics, Hyundai Robotics, and state energy firms.

Latest developments

• Meta will begin production of its latest AI-specific chips in September, developed under the MTIA program with Broadcom's design and TSMC's manufacturing.