Samsung plans floating data center launch by 2028

Samsung has announced plans to introduce a floating data center by 2028. The move aims to seize what the company describes as a major new opportunity in data infrastructure.

The South Korean tech giant stated it will launch the water-based facility within the next two years.

Company officials framed the project as a strategic step forward in expanding data center capabilities.

The announcement highlights Samsung's interest in innovative approaches to meet growing demands for data processing.

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President Lee Jae Myung announcing semiconductor and AI investments by Samsung and SK Hynix.
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Lee announces massive chip and AI investment plans

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President Lee Jae Myung announced on June 29 massive investment plans by Samsung Electronics and SK Hynix totaling 800 trillion won for a new semiconductor cluster. The move is part of three megaprojects focused on semiconductors, physical AI and AI data centers.

SoftBank and its group company will set up a new venture this month, aiming to supply data center capacity at a scale of 10 gigawatts by around 2030.

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A US company has developed autonomous ocean platforms to handle AI computing demands with wave-generated electricity. Panthalassa announced $140 million in funding last week for the project.

The Korea Aerospace Administration announced plans to establish a low-Earth orbit satellite communications network by 2035 and advance the nation's first lunar landing to 2030.

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The South Korean government will designate 10 cities as major startup hubs by next year to promote balanced regional growth and create jobs for young people. It plans to first name four cities housing major science institutes this year, followed by six more outside the greater Seoul area in 2027.

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