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Bank of England chief economist warns against ‘complacency’ in fight against inflation – business live

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Over in Korea, two of the country’s chipmaking giants and the Seoul government have announced a massive manufacturing expansion costing more than half a trillion dollars, to address the shortages of AI chips.

President Lee Jae Myung pledged to cement South Korea’s leadership in the industry with investments worth more than $576bn over several years covering semiconductors, AI data centres and robotics.

“We must secure the core elements of AI faster than any other country.

Semiconductors, physical AI, and AI data centres are the triple axis for our great leap forward.”

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Jun 29, 2026 Business Economics Stock markets

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