May 23, 2024

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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...

Latest May 23, 2024

Tesla Needs More of Musk’s Focus, Says Former Board Member

Key Points Steve Westly emphasized the need for Elon Musk to focus more on Tesla and compared Musk's focus unfavorably to Nvidia's CEO, Jensen Huang. Tesla recently reported its largest quarterly revenue decline since 2012 and announced a significant reduction in staff. Concerns arise from Musk's multiple commitments at other ventures. Tesla plans to introduce a $25,000 low-cost model by early 2025. The EV industry...

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