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Moon strives to guide Korean chipmakers amid US-China trade war

Posted : 2021-04-15 16:52
Updated : 2021-04-15 18:52
President Moon Jae-in speaks with company CEOs of electric vehicle, semiconductor and shipbuilding industries during their meeting at Cheong Wa Dae, Thursday. Yonhap
By Nam Hyun-woo
President Moon Jae-in is striving to guide Korean chipmakers that have been forced to play a balancing act in the escalating standoff between the U.S. and China.
Experts said Korea s semiconductor industry should be viewed as a matter of national security, requiring a diplomatic approach to accompany the strategies of private businesses. Such an approach, according to experts, would ensure that the industry retains its edge amid attempts by the U.S. and China to include Korean chipmakers in their supply chains. ....

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Semiconductor shortage

Semiconductor shortage
New strategy needed to boost competitiveness
The world is suffering an increasingly acute shortage of semiconductors, particularly for automotive use. South Korea is no exception. That s why Industry Minister Sung Yun-mo has promised to work out measures to address the shortfall.
His promise came Friday during a meeting with representatives of the local chip industry, including CEOs of Samsung Electronics, SK hynix and DB HiTek. He said his ministry will soon announce a K-semiconductor belt strategy aimed at turning Korea into a global factory for advanced semiconductors.
Now the government should come up with comprehensive support programs for the industry. It needs to comply with the CEOs request for more incentives for expanding manufacturing capacity, more investment in research and development, and an active response to the rapidly changing global market situation. ....

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