Trade ministry unveils detailed plans to nurture non-memory chip industry
- 5 years ago
산업부, "시스템반도체 비전과 전략" 발표
After the president made that symbolic gesture,... the trade ministry also stepped up to show support for the non-memory chips sector.
The ministry announced detailed plans to help nurture the industry.
Kim Hyesung outlines what they are.
The government has released a detailed plan to build the non-memory chip industry and become a global semiconductor powerhouse by 2030... with an emphasis on five key areas.
First, building a foundation to nurture so-called fabless firms, companies that design chips but do not have an assembly line.
Korea currently accounts for 1-point six percent of the global fabless industry, an area that's dominated by U.S. firms like Qualcomm. The goal is to raise that marketshare to 10 percent by 2030.
To create market demand for non-memory chips that are used to process data like AI, the government will work with the private sector on projects such as building the 5G communications system and driverless car road infrastructure, and creating an 86 million U.S. dollar fund to support fabless firms' R&D.
Second, nurturing technology.
The trade ministry and science ministry will invest around 860 million dollars in original non-memory chips technology in the next ten years.
With a goal of training 17-thousand experts in non-memory chips, several local universities will establish semiconductor departments and semiconductor design centers.
To develop the foundry businesses that assemble the chips they design, the government will provide various tax benefits to get small and big firms to invest.
Lastly, the trade ministry said it will help create an ecosystem through private-public sector cooperation so that Korean fabless firms and foundry firms can design and develop non-memory chips from start to finish.
The government expects this plan will help Korea become number one in the foundry business and create 27-thousand jobs by 2030.
Kim Hyesung, Arirang News.
After the president made that symbolic gesture,... the trade ministry also stepped up to show support for the non-memory chips sector.
The ministry announced detailed plans to help nurture the industry.
Kim Hyesung outlines what they are.
The government has released a detailed plan to build the non-memory chip industry and become a global semiconductor powerhouse by 2030... with an emphasis on five key areas.
First, building a foundation to nurture so-called fabless firms, companies that design chips but do not have an assembly line.
Korea currently accounts for 1-point six percent of the global fabless industry, an area that's dominated by U.S. firms like Qualcomm. The goal is to raise that marketshare to 10 percent by 2030.
To create market demand for non-memory chips that are used to process data like AI, the government will work with the private sector on projects such as building the 5G communications system and driverless car road infrastructure, and creating an 86 million U.S. dollar fund to support fabless firms' R&D.
Second, nurturing technology.
The trade ministry and science ministry will invest around 860 million dollars in original non-memory chips technology in the next ten years.
With a goal of training 17-thousand experts in non-memory chips, several local universities will establish semiconductor departments and semiconductor design centers.
To develop the foundry businesses that assemble the chips they design, the government will provide various tax benefits to get small and big firms to invest.
Lastly, the trade ministry said it will help create an ecosystem through private-public sector cooperation so that Korean fabless firms and foundry firms can design and develop non-memory chips from start to finish.
The government expects this plan will help Korea become number one in the foundry business and create 27-thousand jobs by 2030.
Kim Hyesung, Arirang News.