Reported 8 months ago
South Korea is initiating a 26 trillion won ($19 billion) financial support package for chipmakers in July, starting with 18 trillion won in preferential loans and investment capital measures. Eligible firms can access a 17 trillion-won loan program with low-interest rates, and two funds totaling 1.1 trillion won will be set up to invest in local chipmaking gear and materials companies. This move aligns with global trends of countries investing in semiconductor industries amid tensions and aims to bolster South Korea's chip industry, particularly against China. Tax incentives will be extended, and the plan may expand to include chip materials, parts, and equipment manufacturers.
Source: YAHOO