South Korea launches $3.5B chip fund
South Korea announced it will launch a 5 trillion won ($3.52 billion) semiconductor fund targeting chip materials, parts, equipment and fabless companies, plus another 5 trillion won in trade finance. It's part of President Lee's megaproject to accelerate new chip hubs in Yongin and Gwangju.
South Korea launches $3.5B chip fund South Korea announced it will launch a 5 trillion won ($3.52 billion) semiconductor fund targeting chip materials, parts, equipment and fabless companies, plus another 5 trillion won in trade finance. It's part of President Lee's megaproject to accelerate new chip hubs in Yongin and Gwangju.
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