Report on Meta's Plan to Sell Excess AI Compute Sends Korean Chip Stocks Tumbling

South Korean stocks fell sharply on July 2 after reports that Meta Platforms is moving to sell excess AI computing power and access to its AI models to outside customers, with Samsung Electronics and SK Hynix each dropping more than 8%. On July 1, 2026, Bloomberg reported that Meta is building a cloud infrastructure business to sell surplus AI computing capacity and access to its AI models externally. The internal initiative is called "Meta Compute," and details remain private, based on people familiar with the matter.