South Korea has announced plans to invest $19 billion USD in a support package for the countries semiconductor chip industry.
This plan includes the $7.30 billion USD investment package previously reported by Incognito blog, which aims to boost chip materials, equipment makers, and fabless companies throughout the semiconductor supply chain.
The support package will also strengthen South Korea’s competitiveness in the non-memory chip sector and the semiconductor market. As the country invests resources to win the battle over chips, it also aims to boost the construction of its mega chip assembly in Yongin, which the government claims will be the world’s largest semiconductor complex.
