Ministry of Trade, Industry and Energy

Trade, Industry, and Energy Minister Dukgeun Ahn and U.S. Secretary of Commerce Gina Raimondo attended the Korea-U.S. Supply Chain and Commercial Dialogue (SCCD) Semiconductor Forum on June 27 in Washington D.C., co-hosted by the two countries' semiconductor associations, as part of implementing the agreed outcome of the first Korea-U.S. SCCD Dialogue (April 2023) on deepening public-private bilateral semiconductor cooperation.

 

The SCCD Semiconductor Forum was attended by representatives of the Ministry of Trade, Industry and Energy (MOTIE), U.S. Department of Commerce (DOC), both countries’ semiconductor companies, and related organizations, including Samsung Electronics, SK Hynix, Intel, IBM, Synopsis, Korea Planning & Evaluation Institute of Industrial Technology (KEIT), and Invest Korea. Attendees covered the semiconductor industry’s current issues in technological development, talent nurturing, supply chain stability, and discussed measures for strengthening bilateral cooperation.

 

Korea Semiconductor Industry Association (KSIA) and the U.S.' Semiconductor Industry Association (SIA) entered a memorandum of understanding (MOU) for semiconductor supply chain cooperation and agreed to cooperate in technological development, talent training, business and investment facilitation in artificial intelligence (AI) and other emerging markets, as well as for regularizing the Forum.

 

In his opening address, Minister Ahn stated that the ministry aims to increase global R&D project investments and support technology cooperation between the two countries through the Korea-U.S. Industry and Technology Cooperation Centers. He also expressed anticipation towards seeing the Korea-U.S. AI Semiconductor Innovation Center contribute to both countries’ industry exchanges upon its establishment in the U.S. during the second half of 2024 and for the SCCD Semiconductor Forum to serve as a channel for bilateral public-private communication.