South Korea is readying plans for a support package for chip investments and research worth more than 10 trillion won ($7.30 billion), the finance minister said on Sunday, after setting its sights on winning a 'war' in the semiconductor industry.
SEOUL, May 12 - South Korea is readying plans for a support package for chip investments and research worth more than 10 trillion won , the finance minister said on Sunday, after setting its sights on winning a "war" in the semiconductor industry.
Finance Minister Choi Sang-mok said the government would soon announce details of the package, which targets chip materials, equipment makers, and fabless companies throughout the semiconductor supply chain. The program could include offers of policy loans and the setting-up of a new fund financed by state and private financial institutions, Choi told executives of domestic chip equipment makers at a meeting, the finance ministry said in a statement.
South Korea is also building a mega chip cluster in Yongin, south of its capital, Seoul, which it touts as the world's largest such high-tech complex.Workers at Apple's store in Towson, Maryland, have voted in favor of authorizing a strike, the International Association of Machinists and Aerospace Workers said in a statement late on Saturday.
CHIP1 GEN GFIN GOVACT NEWS1 POL SEMI TECH TECH08 TEEQ TEEQ08 TMT EASIA KR ASXPAC EMRG ASIA FIN
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Korea raises diplomatic alert levels citing North Korea threatsSouth Korea's foreign ministry on Thursday raised the terrorism alert level for five diplomatic offices in the region citing intelligence that North Korea may attempt to harm its officials.
Read more »
North Korea issues nuclear 'warning signal' to US, South KoreaThe Haekbangashoe system, known as the 'nuclear trigger,' oversees North Korea's military posture to respond to any nuclear attack, even though the country has approved pre-emptive strikes.
Read more »
North Korea fires missile into ocean in its latest weapons launch, South Korea saysNorth Korea fired a ballistic missile toward its eastern waters on Monday, South Korea's military said, the latest in a recent series of weapons launches by the North.
Read more »
North Korea fires missile into ocean in its latest weapons launch, South Korea saysSouth Korea says North Korea has fired a ballistic missile off the North’s east coast
Read more »
North Korea fires missile into ocean in its latest weapons launch, South Korea saysSouth Korea says North Korea has fired a ballistic missile off the North’s east coast
Read more »
South Korea says North Korea has fired a ballistic missile off the North’s east coastSouth Korea says North Korea has fired a ballistic missile off the North’s east coast
Read more »