South Korea's LG Chem bets $9.7 billion as it pivots to AI, robotics, others

South Korea’s largest chemical company LG Chem is looking to pivot from its petrochemical business toward AI-driven growth areas, citing slow profitability. In a town hall meeting Monday, LG Chem disclosed it’s allocating 15 trillion won ($9.74 billion) in research and development to expand its business portfolio. About 70% of the fund will target semiconductor,...

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