April 25, 2024
Economy
Korea to invest W260b in system semiconductors
[THE INVESTOR] South Korea will invest a combined 260 billion won (US$233.10 million) in system semiconductors to develop core technologies and foster experts in the coming four to six years, the government said on March 30.
The Ministry of Trade, Industry and Energy unveiled the investment plan at a meeting with a group of system semiconductor businesses in Seoul.
It said some 221 billion won will be used to carry out research and development projects on high-power, ultra-light and high-speed semiconductors by 2023, while 13 billion won will go into the educational program to train nearly 3,000 experts and researchers in the next four years.
The government and local chipmakers will also join hands to inject 25.8 billion won into a project to develop next-generation materials and processes, the ministry said.
By Alex Lee and newswires (alexlee@heraldcorp.com)
The Ministry of Trade, Industry and Energy unveiled the investment plan at a meeting with a group of system semiconductor businesses in Seoul.
It said some 221 billion won will be used to carry out research and development projects on high-power, ultra-light and high-speed semiconductors by 2023, while 13 billion won will go into the educational program to train nearly 3,000 experts and researchers in the next four years.
The government and local chipmakers will also join hands to inject 25.8 billion won into a project to develop next-generation materials and processes, the ministry said.
By Alex Lee and newswires (alexlee@heraldcorp.com)
