South Korea announces plans to support the "semiconductor industry" with more than 1.9 billion dollars.

South Korea announces plans to support the "semiconductor industry" with more than 1.9 billion dollars. It plans to set up a 1 trillion won fund to support device makers and fabless companies that design chips but outsource production.

On May 23, 2567, Reuters news agency reported that South Korea Announced support plan worth 26 trillion won, or about $19,000 billion, for the industry. semiconductor Important of the country

Under the said package Yoon Suk-yeol, President of South Korea It said the government plans a financing program for chips worth about 17 trillion won through the state-run Korea Development Bank. To support large-scale investment by semiconductor companies

South Korea's president said a 1 trillion won fund would be established to support device makers and fabless companies that design chips but outsource production. It also asked the Ministry of Industry to come up with innovative measures to strengthen South Korea's competitiveness in the non-memory chip sector.

The support package is larger than the plan Finance Minister Choi Sang-mok outlined earlier this month. It said the government aims to support chip investment and research worth more than 10 trillion won.

South Korea's chip industry accounted for 18% of the country's total exports in April. Although there will be delays in some areas.

South Korea is home to the world's top memory chip makers, with Samsung Electronics and SK Hynix building a large chip cluster in Yongin. South of Seoul It is hailed as the world's largest high-tech chip manufacturing center, attracting chip equipment companies and fabless companies.

refer : reuters.com

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