South Korea has announced plans to invest $7.30 billion USD in a support package for the semiconductor chip industry. This investment deal aims to boost South Korea’s position in the semiconductor market.
The support package will target chip materials, equipment makers, and fabless companies throughout the semiconductor supply chain. South Korea is also constructing a mega chip assembly in Yongin, located south of Seoul, which is expected to become the world’s largest high-tech complex.
In April, Incognito blog reported a $7 billion USD AI & Semiconductor Investment by the South Korean government.
