Johannes Verst’s Post

South Korea plans to invest over $7.3 billion for chip investments & research. And among the options are policy financing from Korea Development Bank or a joint fund from public, private & policy financing. The country is the world's largest memory chip producer. The government would soon announce details of the package, which targets chip materials, equipment makers, & fabless companies throughout the semiconductor supply chain. In order to support the plan the government has proposed measures including tax incentives for investments. Furthermore, the country is building a mega chip cluster by investing over $470 billion outside of its capital Seoul, whereas its expected to be completed by 2047, which it touts as the world's largest such high tech complex. #southkorea #technologynews #semiconductor #ainews #apac #technology #chipinsdustry #semiconductorindustry #economics #macroeconomics #asia

🌏 As the US and Japan continue to engage in subsidy battles to lure semiconductor manufacturers, South Korea is also preparing its own response plan! 🔎 With an investment of approximately USD 7.3 billion covering fabless semiconductor companies, chip materials, and manufacturing equipment, the Korean government aims to establish Korea as the world’s largest semiconductor high-tech park! 💡 In addition to South Korea's subsidies, TrendForce has compiled detailed information on subsidies from Japan and the United States as well! Delve deeper into this topic here: https://buff.ly/44M2qZ5 🔗 #Korea #Semiconductor #US #Japan

In an effort to strengthen the semiconductor industry in the country, South Korea is now aiming to unleash 10 trillion won ($7.3 billion) as incentives. The government is willing to provide tax incentives for investments. #semiconductor #chipset #memorychip #incentives #marketshare #southkorea #seoul #usa #china #businessnews

https://lnkd.in/gHSbjATf Japan Prepares $13 Billion to Support Country’s Chip Sector. > Economy Ministry seeks $12 billion in extra budget for chips. > Country chasing tech leadership as geopolitical tensions rise. #japan #Semiconductorindustry #electronics #semiconductor #supplychain #manufacturingtechnology #processtechnology #engineering #manufacturing #technology #computerchips #business #innovation #semiconductors #chips #chipmaker #foundry credit: Bloomberg

🚀 Exciting News Alert: South Korean Government Considering Semiconductor Subsidies for the First Time! 🇰🇷💻 🔍 **Summary**: The South Korean government is contemplating offering subsidies to semiconductor companies for the first time ever. This move aims to bolster the nation's position in the global semiconductor market and ensure its competitiveness against rival countries. 🌟 **Key Highlights**: - **Semiconductor Dominance**: South Korea is home to major semiconductor giants like Samsung and SK Hynix, contributing significantly to the global market. - **Emerging Competition**: With rising competition from countries like China and Taiwan, South Korea is strategizing to maintain its leading edge in semiconductor manufacturing. - **Potential Impact**: Subsidies could lead to increased investment in research and development, advanced manufacturing technologies, and talent acquisition, strengthening the country's semiconductor ecosystem. - **Global Supply Chain**: Enhancing domestic semiconductor production could also mitigate supply chain disruptions, ensuring a stable supply of crucial components for various industries worldwide. - **Economic Growth**: A thriving semiconductor industry is vital for South Korea's economy, driving innovation, creating jobs, and fostering sustainable growth. 🤔 **Question to Engage**: What other strategies do you think South Korea could implement to further solidify its position as a global leader in the semiconductor industry? Your insights and thoughts are highly valued! 💬 #Semiconductor #SouthKorea #Innovation #EconomicGrowth 📢 Join our VLSI Connect News channel on Telegram: https://lnkd.in/gk4gyWvt 📰 Stay updated with VLSI Connect News on LinkedIn: https://lnkd.in/g5aYa3Cp 🔗 Explore more on our website: https://vlsiconnect.com/ 🎧 Listen to our Daily news on Spotify: https://lnkd.in/gUGv4GhP https://lnkd.in/gMqHAB4z

Following chip export restrictions by the Netherlands, China is now about to restrict two materials key to the semiconductor industry. Under these new rules, special licences will be needed to export gallium and germanium from China, materials used to produce chips. In our LeidenAsiaCentre report from February this year, we already researched the politics of the semiconductor industry in Asia, and how this relates to Dutch interests. The report stands out because it not only focuses on the US-China rivalry, but provides an extensive overview of the politicisation of the semiconductor industry in other Asian countries as well. How do the governments of Japan, Korea, Taiwan, India, and Singapore react to political developments affecting the chip industry? Read the report by Jonas Lammertink, Tycho de Feijter, Maaike Okano-Heijmans, Alexandre Gomes, Sense Egbert Hofstede and Dr. Chaytanya Giri here: https://lnkd.in/etDp3v9e

Amidst global shifts and technological advancements, China's semiconductor sector is witnessing a significant boost from governmental support and strategic initiatives. In a bid to bolster domestic innovation and mitigate the impact of international sanctions, the Chinese government, along with the CCP, has allocated substantial resources to foster growth within the industry. According to recent reports, in 2022 alone, over 12.1 billion yuan in subsidies were disbursed to 190 domestic companies, reflecting the nation's commitment to nurturing homegrown semiconductor capabilities. Notably, Semiconductor Manufacturing International Corp (SMIC) stands out as a primary beneficiary, receiving a substantial portion of these funds, with an allocation of 1.95 billion yuan. In line with Beijing's concerted efforts to counteract external pressures, both SMIC and Huawei Technologies have emerged as key recipients of local government funding. The South China Morning Post highlights their pivotal roles in driving innovation and resilience within China's semiconductor landscape. Shanghai, renowned for its role as a hub of technological innovation, is witnessing a surge in semiconductor-related projects. With 16 out of 191 major subsidized initiatives dedicated to semiconductor advancements, the city underscores its commitment to fostering a thriving ecosystem for cutting-edge research and development. Of particular note are the endeavors of SMIC and Huawei within Shanghai. SMIC, the country's leading chip manufacturer, is making strides with the construction of two 300mm production lines, poised to enhance its production capacity and technological capabilities. Similarly, Huawei's research center in Shanghai's Qingpu district is among the key projects receiving support, showcasing the company's dedication to driving innovation and technological advancement. As China continues to prioritize semiconductor development as a strategic imperative, these initiatives underscore the nation's commitment to achieving self-reliance and technological sovereignty in this critical industry. The future promises exciting possibilities as China solidifies its position as a global semiconductor powerhouse. News Source: FirstPost (https://lnkd.in/gsuWMx-c) #SemiconductorIndustry #China #Innovation #Technology #GovernmentSupport #Semiconductors #Semiconductor #technology #manufacturing #tsmc #usa

Korean Government Unveils Ambitious Plan to Boost Semiconductor Industry Korean Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok announced a bold initiative to enhance the competitiveness of the semiconductor sector during an industry meeting at HPSP in Hwaseong-si. Emphasizing the crucial role of a robust semiconductor ecosystem, Choi revealed plans for a support program exceeding 10 trillion won ($7.3 billion), aimed […] The post Korean Government Unveils Ambitious Plan to Boost Semiconductor Industry first appeared on KoreaTechDesk | Korean Startup and Technology News . The post Korean Government Unveils Ambitious Plan to Boost Semiconductor Industry appeared first on KoreaTechDesk | Korean Startup and Technology News . #koreatech #Tech #koreastartup #KoreaTechnews #Koreastartupnews

The EU council has finally adopted the Chips Act. Meanwhile, Germany plans a €20bn investment in semiconductors as it woos foreign chipmakers. After more than a year of deliberations, the EU has finally adopted the Chips Act after the European Council approved the regulation (25 July) to try to make the bloc a world leader in chip production and research. ◻️ If you find this content valuable please follow, like, comment and share. 🙏 ◻️ Follow Impedans Ltd for more great industry content. 👍 ◻️ Visit www.impedans.com to find solutions for your semiconductor/plasma processing problems: ◽️ Reduce power consumption ◽️ Improve tool performance ◽️ Enable area scaling ◽️ Reduce processing costs ◽️ Decrease time to market https://lnkd.in/eP52fmdr

EXCERPTS: Businesses are pressing the federal government to ease conditions on aid for the semiconductor industry, warning that proposed limits on a grant program and tax credit will make it harder for U.S. companies to compete with their Chinese counterparts and develop new technology. The companies are trying to shape the implementation of last year’s Chips and Science Act, which authorized tax credits and $53 billion of spending in a concerted government effort to use public funding to revive the U.S. semiconductor industry. The money comes with strings attached, and the grants force companies taking U.S. funding to sharply limit further expansion in China. But China accounts for one-third of global chip sales and is a linchpin in the semiconductor supply chain. Companies and industry groups complained to the Commerce Department that they would be hurt if the restrictions on future Chinese expansion, known as guardrails, are too tight. Among the harshest critics are the South Korean government and chip industry, highlighting the challenge the U.S. faces in mobilizing allies’ support for its battle to limit China’s technological advance. Companies from South Korea and Taiwan are particularly affected because of their outsize presence in China.