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Korea to invest 240 billion won in system semiconductor R&D 2021-02-01

The Ministry of Trade, Industry and Energy, Ministry of Science and ICT, and Ministry of SMEs and Startups announced the support measures for the technological innovation in the system semiconductor industry at the Seoul Government Complex on February 1.

The Ministries will invest a total of 240 billion won, or USD 215 million, to prominent areas in the system chip industry such as power semiconductors, next generation sensors, and artificial intelligence semiconductors, and foster local fabless businesses for their growth and innovation.