According to the report of the Yonhap News Agency on July 20, the South Korean Industry Minister said a few days ago. The Korean government will increase support for large-scale research and development projects to develop cutting-edge memory chips to cope with the rise of Chinese competitors.
The chip is currently Korea's largest export product, and China is the world's largest chip market. As the latter plans to invest heavily to stimulate the development of its industry, the industry's concerns about the prospects of the Korean chip industry are beginning to heat up.
'The government is considering supporting large projects for the design and production of next-generation memory chips, and plans to conduct preliminary feasibility studies in the second half of this year. 'Korean Minister of Trade, Industry and Energy Paik Un-gyu said during the Korean National Assembly group meeting that he did not disclose the scale of support funds.
South Korean technology giants Samsung Electronics and SK Hynix have developed a number of world-class products in the global memory chip market in recent years. However, experts have called for the Korean government to increase its focus on the industry in response to growing Chinese rivals. The challenge of growth.
Korean local chip makers worry that the Chinese government's move may narrow the technology gap with South Korea faster than expected. At that time, if the production is not carefully controlled, it will lead to a sharp fall in global chip prices.
'China is stepping up its own semiconductor industry and narrowing the gap with South Korea, which may also lead to global oversupply , ' Paik Un-gyu said, 'The growth rate of memory chip prices has slowed recently, which is worrying that the super cycle is approaching its peak.'
The latest move comes at a time when Chinese antitrust agencies are investigating Samsung Electronics, SK hynix and Micron Technology. The three companies collectively control more than 90% of the global DRAM memory market.
In addition to chip design, the Korean government also plans to support the development of chip manufacturing.
At present, Samsung Electronics is planning to vigorously develop its chip casting business, and plans to become the world's second largest chip founder after TSMC this year.
