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

South Korea plans to launch a 5 trillion won ($3.52 billion) semiconductor fund focusing on chip materials, parts, equipment, and fabless companies, alongside 5 trillion won in trade finance and a 1 trillion won cooperation programme to accelerate semiconductor manufacturing hubs, backed by a new special act for streamlined permits and infrastructure.

This Wire brief sits within Fusion42's coverage of Semiconductors, and 9 sources have reported it between 10 Aug 2026 and 16 Aug 2026.