South Korea plans to invest $6.45bn in semiconductor industry by 2025, including low-interest loans and infrastructure development.

South Korea plans to invest $6.45 billion (8.8 trillion won) in its semiconductor industry by 2025, as part of a larger 26 trillion won support package announced by President Yoon Suk Yeol. The funding will provide low-interest loans to chipmakers, support fabless and chip material companies, and develop infrastructure for a semiconductor cluster in Yongin, Gyeonggi Province. This initiative aims to enhance the country's competitiveness in the global market.

October 16, 2024
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