Samsung’s Foundry business and the rest of the other chipset brands will get a countable $23 billion boost from South Korea.
According to report, The South Korean government has announced $23 billion in funding for its semiconductor brands, including Samsung. This financial support aims to maintain the country’s leading legacy of exporting chips, which generate tens of billions of dollars from the instability caused by US tariffs.
The $23 billion funding announced by the government represents a 26% increase from the $18 billion package given to the semiconductor industry last year. The fund will aim to support the development of advanced chips through enhanced research and development, as well as the buying of cutting-edge manufacturing equipment.
The money will also be used for upgrading industrial edifices across Yongin and Pyeongtaek. Fortunately, Samsung has a few of its biggest chip-manufacturing facilities in Pyeongtaek, so the improvements will be more significant for it as compared to other brands.
However, there’s a notable concern: the South Korean semiconductor manufacturing industry is falling behind its rivals, such as Taiwan and particularly TSMC, where the major part of the world’s advanced chips are being made.
Recently, it was reported that Samsung’s Foundry Division has already started working on 1nm process development and is also looking forward to starting mass production after 2029.
