Korea unveils $534 bil. plan to lead global chip race in AI era

Korea unveiled an ambitious plan Wednesday to invest 700 trillion won ($534 billion) to bolster its semiconductor sector and gain an edge in the global chip race shaped by artificial intelligence (AI), aiming to shift from a memory-dominated industry to a more balanced, innovation-driven ecosystem spanning the entire semiconductor value chain. At a policy briefing titled “Vision and Strategy for K-Semiconductors in the AI Era,” held at the presidential office in Yongsan, President Lee Jae Myung and ministers outlined the government’s mid- to long-term blueprint for securing chip supremacy. About 40 people attended, including senior officials from key ministries, executives from Samsung Electronics and SK hynix, industry representatives and academics. To move beyond Korea’s dominance in memory chips, the government said it would accelerate research into next-generation semiconductors, pledging 21.6 billion won for future memory technologies by 2032, 126.8 billion won for AI chips by 2030, 26 billion won for compound semiconductors and 36 billion won for advanced packaging by 203Weiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times