South Korea Unveils Major Support Package to Enhance Semiconductor Industry Competitiveness
South Korea's Semiconductor Sector Receives Significant Support
Following recent announcements, Seoul aims to bolster the competitiveness of South Korea's semiconductor industry through a substantial US$19-billion support package. This initiative is focused on enhancing the country's global market share in non-memory chips, specifically targeting mobile processors. The ultimate goal is to achieve a market share of 10% from the current 2%, marking a significant leap in the industry landscape. The move is deemed critical in light of escalating global competition within the semiconductor sector, playing a crucial role in the chip 'warfare' dynamics.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.