Oddbean

South Korea announces $19 billion support package for chip industry ========== South Korea has announced a $19 billion support package for the country's semiconductor industry. The package includes a financial support program worth about $12.5 billion through the state-run Korea Development Bank to back large-scale investments by semiconductor companies. Additionally, a $900 million fund will be set up to support equipment makers and fabless companies. The government aims to strengthen South Korea's competitiveness in the non-memory chip sector. The support package is larger than previously announced plans and reflects the country's efforts to boost its chip industry, which accounted for 18% of total exports in April. #SouthKorea #ChipIndustry #SupportPackage #Semiconductor #Investments https://www.investing.com/news/economy/south-korea-announces-19-billion-support-package-for-chip-industry-3453330