The global semiconductor race heats up as governments go all-in on chip investments
Another twenty-four hour period, another update on the (presently to be) years-spanning semiconductor crisis in the making. Major countries ranging from the United States to China accept all announced efforts to boost chipmaking output and forestall future semiconductor shortages. Now Republic of korea has chimed in on the thing.
Due south Korean President Moon Jae-in stated that domestic businesses in the nation will invest "more than than 510 trillion won over the next decade," with the government supporting said efforts via tax incentives and subsidies (via CNBC). This is all function of the South Korean regime's "G-semiconductor Strategy."
South Korea's not lonely in efforts to go big on the chipmaking front. Mainland china is working toward becoming as technologically self-sufficient and contained as information technology's e'er been, a mission spurred past the U.s.a.' numerous sanctions on its applied science companies. And speaking of the U.S., it'due south besides boosting its semiconductor strategy via domestic businesses such every bit Intel expanding operations and President Biden fighting for government assistance to kick into high gear.
The EU is also optimistic about its chipmaking time to come, though contempo talks with the likes of TSMC reportedly oasis't gone so well.
While it remains to be seen what these global efforts will atomic number 82 to when it comes to shortening the crisis' timeline, there's no doubt that that, at least in the planning department, the large players are going all-in on blueprinting an end to semiconductor scarcity.
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Source: https://www.windowscentral.com/global-semiconductor-race-heats-governments-go-all-chip-investments
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