South Korea wants to develop 50 types of AI chips by 2030

South Korea has set itself the ambitious national target of developing 50 types of AI chips within the next decade. The country's ICT ministry made the announcement this week as South Korea positions itself to move beyond its historic foothold in memory chips into artificial intelligence semiconductors. South Korea is investing heavily in AI; especially in the hardware which makes it possible. Around one trillion won ($871 million) will be spent on developing next-generation AI chips before 2029. The current plan is to be in a position to produce AI chips nationally by 2022 and build a 3,000-strong army of experts within the decade.