"Amazon goes nuclear, to invest more than $500 million to develop small modular reactors"
"Key Points- AWS announced it has signed an agreement with Dominion Energy, Virginia’s utility company, to explore the development of a small modular nuclear reactor, near Dominion’s existing North Anna nuclear power station.
- AWS, Amazon’s subsidiary in cloud computing, has a massive and increasing need for clean energy as it expands its services into generative AI. The agreement is also a part of Amazon’s path to net-zero carbon emissions.
- Amazon is the latest large tech company to buy into nuclear power to fuel the growing demands from data centers. Google and Microsoft have announced similar plans."
"The South Korean government will inject 8.8 trillion won ($6.45 billion) next year to advance the country’s semiconductor ecosystem through low-interest loans while accelerating infrastructure construction and nurturing talent.
Finance Minister Choi Sang-mok announced a slew of plans for comprehensive support for the chip industry while presiding over a ministerial meeting Wednesday, with firms in the sector clamoring for more concrete measures to catch up to global rivals."