In an effort to maintain its memory chip manufacturing industry the South Korea’s government plans to invest KRW700 trillion ($475.5 billion) in the sector by 2047. Chosun Biz reported that the country aims to build the world’s largest semiconductor cluster.
The broad initiative includes setting up a 12-inch, 40nm foundry to help fabless chipmakers develop and test chips with a KRW4.5 trillion budget as well as increasing the number of chip factories to 37 from the current 21.
The investment will be focused commercialising neural processing units and advanced packaging technology. The government also will expand state funding to ensure the facilities have a sufficient supply of power and water.
President Lee Jae-Myung held meetings with executives from the country’s chipmakers.
SK Hynix led the global DRAM market in Q3 with a 33.2 per cent share, marginally ahead of rival Samsung with a 32.6 per cent share, data from TrendForce showed.
In September, Lee revealed the five-year Nation Growth Fund was increased to KRW150 trillion from KRW100 trillion. The investment will be used across the country’s AI, semiconductors, biotechnology, defence, robotics and green mobility sectors.
Source: Mobile World Live
Image Credit: ShutterStock
