South Korea plans to increase support for chip projects | Coping with Chinese rivals

South Korea's Minister of Trade, Industry and Energy Baiyun said recently that the South 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. Currently, chips are Korea's largest export products, while China is The world's largest chip market. But because China plans to invest huge sums of money to promote the development of its domestic chip industry, to reduce dependence on foreign products, the industry is worried about the long-term prospects of the Korean chip industry. To this end, Baiyunyi is a Korean national During the conference group meeting, the government said: 'The government is considering supporting large-scale 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'. Although Korean electronics giants such as Samsung Electronics and SK Hynix have already developed through technological innovation. There are world-class memory chip products, but there are still experts calling on the Korean government to pay attention to the industry in response to the challenges of the fast-rising Chinese competitors. In fact, Korean chip makers are also worried that the Chinese government’s initiatives may Will shrink the technical difference with South Korea faster than expected By then, if the production is not carefully controlled, it will lead to a sharp fall in global chip prices. Baiyun said: 'China is stepping up its own semiconductor industry to narrow the gap with South Korea, which may lead to global oversupply. Recently, memory The price increase of the chip has slowed down, causing some people to think that the 'super cycle' is approaching the peak.

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