9 April 2024: Seoul: South Korean President Yoon Suk Yeol said on Tuesday his country
will invest 9.4 trillion won ($6.94 billion) in artificial intelligence (AI) by 2027 as part of efforts
to retain a leading global position in cutting-edge semiconductor chips, according to ”reuters.com”.The announcement, which also includes a separate 1.4 trillion won fund to foster AI semiconductor firms, comes as South Korea tries to keep abreast with countries like the United States, China and Japan that are also giving massive policy support to strengthen semiconductor supply chains on their own turf.
Semiconductors are a key foundation of South Korea’s export-driven economy. In March, chip exports reached their highest in 21 months at $11.7 billion, or nearly a fifth of total exports shipped by Asia’s fourth-largest economy.
„Current competition in semiconductors is an industrial war and an all-out war between nations,” Yoon told a meeting of policymakers and chip industry executives on Tuesday.
By earmarking investments and a fund, South Korea plans to significantly expand research and development in AI chips such as artificial neural processing units (NPUs) and next-generation high-bandwidth memory chips, the government said in a statement.
South Korean authorities will also promote the development of next-generation artificial general intelligence (AGI) and safety technologies that go beyond existing models.
Yoon has set a target for South Korea to become one of the top three countries in AI technology including chips, and take a 10% or more share of the global system semiconductor market by 2030.
($1 = 1,355.1200 won)
Related art.:
– 23.05.2024: South Korea announces $19 billion support package for chip industry – ”reuters.com”
– Coreea de Sud investeşte în AI şapte miliarde de dolari în încercarea de a-şi menţine avantajul concurenţial în domeniul semiconductorilor – ”financialintelligence.ro”
– Intel prepares for $100 billion spending spree across four US states – ”stiridigitale.ro”
– China a importat echipamente pentru producţia de cipuri în valoare de 40 de miliarde de dolari – ”stiridigitale.ro”
– SoftBank CEO Son says artificial general intelligence will come within 10 years – ”stiridigitale.ro”
– Gigantul de cipuri TSMC deschide prima fabrică din Japonia, diversificându-se departe de Taiwan, pe fondul tensiunilor dintre SUA și China – ”financialintelligence.ro”
