South Korea expands its chip industry support plan to $23 billion.

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Jin10 data reported on April 15, South Korea announced on Tuesday that it would increase its support for the country's critical semiconductor industry to 33 trillion won (approximately $23.25 billion), an increase of about one quarter from the 26 trillion won announced last year. The South Korean government stated in a statement that these measures are in response to calls for expanded support amid increasing uncertainty in U.S. government policies. According to a joint statement from several departments, including the Ministry of Trade, Industry and Energy, South Korea will also increase its financial aid plan for the chip industry from the previous 17 trillion won to 20 trillion won. South Korea has decided to invest more funds into its crucial chip industry, aiming to help companies cope with rising costs in the face of global competition.

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DriftWithTheWindvip
· 04-15 00:09
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