South Korean tech giant Samsung Electronics is planning to invest in a semiconductor chip packaging facility in Vietnam, according to a person familiar with the matter, as global demand for advanced chips continues to rise.

Shares of South Korean chipmaker SK Hynix jumped as much as 15% on Wednesday, following a bullish earnings outlook from rival Samsung Electronics that boosted confidence across the semiconductor sector.

Samsung Electronics has forecast a dramatic surge in first-quarter profits, driven by booming demand for artificial intelligence infrastructure that has pushed semiconductor prices sharply higher.

SK Hynix is considering raising as much as $10 billion through a potential US listing, as the chipmaker looks to expand its capacity in advanced memory and artificial intelligence technologies, according to a report.

On Thursday, Elon Musk, the CEO of Tesla and the world’s richest person, announced that Tesla could finalize the 'tape-out' of its next-generation AI6 chip by December.

Samsung Electronics announced plans to invest over 110 trillion won ($73.24 billion) in 2026 for research, development, and facilities as it aims to lead the global semiconductor industry in artificial intelligence.

Samsung Electronics and Advanced Micro Devices signed a memorandum of understanding to deepen their partnership on memory chip supplies for AI infrastructure.

Samsung Electronics expects the global semiconductor boom, fueled by artificial intelligence, to continue through 2026, as demand for memory chips remains strong despite rising costs.

Samsung Electronics shares climbed to a record KRW200,000, capping a powerful six-month rally that has pushed the stock close to 200% higher as demand for memory chips surges.