Shulou(Shulou.com)11/24 Report--

June 26 news, according to foreign media reports, South Korea, which vigorously promotes the development of the chip industry, will set up a new fund worth 300 billion won for the chip industry to promote the development of related enterprises.

According to foreign media reports, South Korea set up a new fund worth 300 billion won for the chip industry, which was announced by the South Korean Ministry of Trade, Industry and Energy on Monday local time. The new fund is expected to be set up by the end of the year.

South Korea's newly established fund for the chip industry will be provided by various parties, of which Samsung Electronics and SK Hynix, two major chip manufacturers, have pledged to invest 75 billion won. Korea Development Bank, Korea Development Bank and several other entities will provide another 75 billion won of policy financing for the parent fund, and the remaining 150 billion won will come from private investors.

South Korea has set up a new fund of 300 billion won, which is intended to strengthen the strength of logic chips and related materials and parts companies, and enhance the strength of the chip ecological industrial chain.

Foreign media reported that South Korea has set up funds of 240 billion won and 120 billion won in 2017 and 2020 respectively, but the funds of these funds are expected to be used up next year.

According to foreign media reports, South Korea has set up a new fund worth 300 billion won for the chip industry, and there are also considerations to solve the financing difficulties for related enterprises. Foreign media reported that the new fund will support wafer-free manufacturers and material manufacturers, parts manufacturers and equipment manufacturers related to the chip industry, which are facing financing challenges due to the decline of the industry and rising interest rates.

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