South Korea Unveils $19 Billion Support Package to Bolster Semiconductor Industry
Key Points South Korea announces a 26 trillion won support package for its semiconductor industry to enhance chip design and manufacturing capabilities. The package includes 17 trillion won in financial support. A 1 trillion won fund will support equipment makers and fabless companies. The government aims to increase South Korea's global market share in non-memory chips from 2% to 10%. The construction of a mega-chip cluster in Yongin is being developed to attract chip equipment and fabless companies. South Korea has announced a substantial support package worth 26 trillion won ($19 billion) to bolster its semiconductor industry. The initiative aims...