South Korea Unveils $19 Bln Package to Compete in Global Chip 'Warfare'
South Korea announced on Thursday a 26 trillion won ($19 billion) support package for its chip businesses, citing a need to keep up in areas like chip design and contract manufacturing amid 'all-out warfare' in the global semiconductor market, Reuters said. Under the package, President Yoon Suk Yeol said a financial support program worth about 17 trillion won was planned through state-run Korea Development Bank to back investments by semiconductor companies, according to the presidential office.
Source: aawsat.com
