<p>➀ The Korean government announced a $23.25 billion support package for its semiconductor industry, an increase from last year's announced 26 trillion won package.</p><p>➁ The increased support is a response to competition from China, uncertainties in US policy, and rising costs for chip companies.</p><p>➂ The government has also raised the financial assistance program for the chip industry to 20 trillion won, up from the previous 17 trillion won.</p>
Related Articles
- 2% 2025 growth forecast for front-end fab equipment5 months ago
- Equipment sales hit record $113bn, says SEMI8 months ago
- Korean Chips Thrive in China12 months ago
- China to have 30% of foundry capacity by 2030about 2 months ago
- US and EU buy less from China3 months ago
- Tsinghua Unigroup ex-Chairman sentenced to death3 months ago
- Most Read – CoolSiC MOSFET, Chinese cars, Digital Twin Centre3 months ago
- Nvidia writes off $5.5 billion in GPUs as US gov't chokes off supply of H20s to China4 months ago
- Chinese chip giants say they don't care about U.S. tariffs — many don't sell to the U.S. anyway due to existing sanctions4 months ago
- China's rare earth export restrictions threaten global chipmaking supply chains4 months ago