South Korea said on Thursday it is targetting supplying half of its chip materials, components, and equipment locally by 2030, up from 30% currently
South Korea aims at sourcing half its chip materials domestically by 2030.
| Photo Credit: Reuters
South Korea said on Thursday it is targetting supplying half of its chip materials, components, and equipment locally by 2030, up from 30% currently
South Korea said on Thursday it is targetting supplying half of its chip materials, components, and equipment locally by 2030, up from 30% currently.
(Sign up to our Technology newsletter, Today’s Cache, for insights on emerging themes at the intersection of technology, business and policy. Click here to subscribe for free.)
The plan is part of President Yoon Suk-yeol administration’s strategy to strengthen the semiconductor industry as the home to top memory chip makers Samsung and SK Hynix seeks to bolster supply chain stability and resources to become a “superpower” in the field.
South Korea’s chip industry estimates that about 20% of chip equipment and 50% of chip materials have been localised, the industry ministry said in a joint statement with other ministries.
