00:03korea's three largest petrochemical conglomerates just agreed to shut down 1.39 million tons of
00:09ethylene capacity together on purpose that's a coordinated structural contraction backed by
00:161.5 trillion won in combined government and private financing samsung and lg are locked
00:23in a tandem oled race and ai is the engine driving the premium display upgrade cycle
00:30ls electric and lgu plus just signed a deal to co-build 800 volt power infrastructure for
00:36korea's ai data center market samsung electronics is in talks to invest hundreds of millions of euros
00:43in mistral ai france's leading large language model developer it's thursday july 23rd let's take a look
00:52at a key development in korea's industry sector korea's petrochemical sector has been bleeding
00:58for years as chinese overcapacity drove down ethylene margins across asia at the same time
01:05korean conglomerates are accelerating capital deployment into ai infrastructure next generation
01:11displays and clean energy the sectors they are betting on for the next decade today's stories
01:17show both sides of that pivot deliberate contraction in legacy chemicals and aggressive expansion in tech
01:24driven industries here's what the numbers show latte chemical hanwha total energies and dl chemical
01:31agreed to merge their ncc facilities in yosu and daisan cutting 1.39 million tons of ethylene capacity
01:40the government is providing 700 billion 1 505 million dollars in scrapping subsidies with hanwha dl adding 800
01:49billion 1 578 million dollars in bridge financing samsung display and lg display are simultaneously
01:58developing tandem oled panels samsung targeting a 6.9 inch form factor lg focused on po led as ai device
02:07demands push premium display specifications higher ls electric and lgu plus signed an mou to jointly deploy and
02:16operate 800 volt power infrastructure for ai data centers targeting a combined market opportunity of
02:23700 billion 1 505 million dollars samsung electronics is in advanced talks to invest hundreds of millions of
02:32euros in mistral ai as part of a global ai partnership round samsung additionally recruited former deputy
02:40minister for energy choi namho to lead its new energy business expansion so what does this mean for
02:47global industry analysts and supply chain managers the korean petrochemical consolidation is structural not
02:55cyclical a coordinated 1.39 million ton ethylene capacity cut backed by government funds signals a
03:02multi-year supply rebalancing across asia pacific not a temporary adjustment earlier we said samsung and
03:10lg are locked in a tandem oled race here's what that actually means for you both major display
03:16supply chains are entering a capex intensive upgrade cycle simultaneously which will reshape vendor
03:23selection and component costs for global device makers watch for the government's ncc decommissioning
03:30subsidy approval timeline a formal samsung mistral investment announcement and ls electric lgu plus's first
03:37ai data center pilot contract award that's today's ai prism industry daily this episode was produced with
03:46ai assistance based on sole economic daily reporting and reviewed by a human editor ai prism is a wanifra
03:54award-winning series we'll be back tomorrow
03:57you
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