South Korea to launch US$3.5bil chip fund, speed development of semiconductor hubs

South Korea will launch a $3.52 billion semiconductor fund targeting chip materials, parts, equipment, and fabless companies to accelerate new chip manufacturing hubs. The government also plans trade finance support, a 10-year cooperation programme, and legislative measures to speed up permits and infrastructure for semiconductor megaprojects, including major clusters in Gwangju and Yongin.

This Wire brief sits within Fusion42's coverage of Semiconductors.