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South Korea Sets Aside Record $19 Billion to Fuel Chipmaking

(Bloomberg) South Korea has unveiled a $19 billion package of incentives to bolster its chip sector, a boon to Samsung Electronics Co. and SK Hynix Inc. as they race to stay ahead in an increasingly competitive industry.Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceNvidia Delivers on AI Hopes, Igniting $140 Billion Stock RallyCiti Trader Got 711 Warning Messages Before Sparking Flash CrashTech Up in Late Hours as Nvidia Emboldens AI Bulls: Markets WrapThe 26 t

South Korea Pumps $19B Into Semiconductor Industry To Stay Competitive

This updated support package surpasses earlier plans mentioned by Finance Minister Choi Sang-mok, who had indicated a target of over 10 trillion won for chip investments and research.

SEOUL (Reuters) South Korea announced on Thursday a 26 trillion won ($19 billion) support package for the country's vital semiconductor indust

South Korea pumps $19B into chip sector

Korea South Korea President Yoon Suk Yeol unveiled a KRW26 trillion support package for the country's chipmaking sector, AFP reported.

Chip-funding warfare continues with South Korea s $19 billion package

Chip-funding warfare continues with South Korea s $19 billion package
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