South Korea announced on Thursday a 26 trillion won support package for its chip businesses, citing a need to keep up in areas like chip design and contract manufacturing amid ‘all-out warfare’ in the global semiconductor market.
South Korea, home to the world’s top memory chip makers Samsung Electronics and SK Hynix, has fallen behind some rivals in areas such as chip design and contract chip manufacturing. In a press briefing, Choi described South Korea’s chip support package “as good as” any other country.
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