00:02you're listening to ai prism from seoul economic daily tsmc is building 12 semiconductor facilities
00:09in the united states absorbing a four to five times cost premium because losing u.s customer
00:15relationships is a bigger risk than margin dilution samsung just began supplying 10th
00:21generation vnand to nvidia as ai storage demand is projected to nearly triple from 35 million
00:27terabytes this year to over 100 million terabytes in 2027 navers chairman ceo and cfo are visiting
00:35brookfield's toronto headquarters this week to finalize a multi-trillion one ai factory investment
00:41korea's financial regulator is preparing to cap financial holding company ceo tenure at three
00:47consecutive terms and dl group is divesting its 50 year old automotive parts unit to accelerate a
00:54specialty chemicals pivot it's tuesday july 21st let's look at a business story shaping corporate
01:01korea corporate korea is navigating three simultaneous strategic pressures the global ai infrastructure
01:07race regulatory shifts in financial governance and portfolio rationalization driven by the need to
01:14fund technology intensive growth tsmc's 265 billion u.s dollars approximately 395 trillion one arizona
01:24commitment the largest foreign direct investment in u.s history is forcing a reassessment of supply
01:30chain geography across every sector that touches advanced semiconductors in korea both the memory and
01:37platform sectors are making board level commitments to ai infrastructure that will define capital allocation
01:43through the end of the decade here's what the numbers show tsmc locked in 265 billion u.s dollars
01:51approximately 395 trillion one for 12 u.s facilities despite construction costs four to five times higher
02:00than in taiwan driven by north america representing 78 percent of q2 2026 revenue tsmc cfo wendell huang
02:09confirmed two nanometer process revenue began in q2 2026 with q3 designated as the growth acceleration
02:17quarter while five nanometers and three nanometers currently account for 33 percent and 30 percent of
02:24total revenue respectively samsung electronics began volume production of 10th generation vnan and is
02:31actively supplying nvidia's upcoming context memory storage device which integrates 576 ssds for a total
02:39capacity of 9 600 terabytes industry projections put nvidia's cmx related nan demand at 35 million
02:48terabytes in 2026 rising to over 100 million terabytes in 2027 against samsung's projected annual
02:57nand output of approximately 250 million terabytes naver chairman lee haejin ceo choi suyun and cfo kim
03:06hee choll are visiting brookfield asset management's toronto headquarters this week a delegation that
03:12industry sources describe as final stage talks for a trillion one plus ai factory co-investment with
03:18nvidia following a joint gigawatt scale ai factory agreement signed last month korea's financial services
03:26commission is preparing governance reform to cap financial holding company ceo tenure at three
03:32consecutive terms with re-election elevated to a two-thirds supermajority special resolution threshold
03:38up from the current simple majority dl group is selling dl motors a 50-year-old automotive parts
03:45manufacturer with 345.1 billion one approximately 252 million u.s dollars in 2025 revenue but only 6
03:56billion one approximately 4.4 million u.s dollars in operating profit for an estimated 150 billion one
04:05approximately 109 million u.s dollars with proceeds earmarked for specialty chemicals investment
04:11so what does this mean for ceos earlier we said tsmc is absorbing a four to five times cost premium
04:20because losing u.s customer relationships is a bigger risk than margin dilution here's what that
04:26actually means for you every board with semiconductor ai infrastructure or data center exposure now faces
04:34an implicit geopolitical alignment decision not just a capital allocation one and the tsmc precedent
04:41establishes that the cost of strategic optionality in the u.s market is a known quantity your board
04:47should be pricing explicitly the fsc governance reform and naver's ai factory move both signal the same
04:54underlying expectation korean corporate leadership must now be accountable decisive and globally competitive
05:01and boards that are not positioned for all three will face pressure from regulators capital markets or both
05:08three things to watch the samsung nvidia meeting between lee jay young and jensen huang in san francisco
05:15discussions will cover hbm supply next generation nand and domestic data center co-investment with
05:23implications for korea's ai hardware supply chain the fsc governance announcement expected next week the
05:30critical variable is whether the three term ceo cap is codified in statute and whether the super majority
05:36threshold is included in the final draft and naver's official disclosure on the brookfield deal cfo
05:43participation in the toronto meeting signals the structure is near finalized a formal announcement
05:49within weeks would make naver's ai factory the largest korean platform infrastructure commitment to date
05:55that's today's ai prism ceo this episode was produced with ai assistance based on you've been listening to ai prism
06:04from seoul economic daily
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