Monday, 10 August, 2026
Global Chip War Escalates: South Korea Unveils $3.5B Fund to Fast-Track Semiconductor Hubs
By TechShots Studio
South Korea will launch a 5 trillion won ($3.52 billion) semiconductor fund targeting local chip materials, components, and fabless firms. To accelerate mega-cluster developments in regions like Yongin, the government is also providing $3.5 billion in trade finance, fast-tracking infrastructure permits, and securing long-term power and water supplies to safeguard its global chip leadership.
Read full story at REUTERS