South Korea allocates $ 19 billion to support semiconductors in July

South Korea is scheduled to assist Chips manufacturers from next July, as a financial support package will be won 26 trillion (19 billion dollars) to support the very important sector. Seoul starts with a package of 18 billion, including loans with preferential interest rates and investment capital. The Ministry of Finance said in a statement today that qualified companies starting next month could benefit from a 17 trillion loan program at the lowest stake in the market. The government will also help create two funds with a total of 1.1 trillion won, the youngest of which will collect 300 billion WNA by 2025 and will start investing in the manufacturing companies and materials of the local chip industry next month. An international rush to support semiconductors who are applying Korea to ride on other countries such as the United States and China that pump government funds on a strategic field, especially with the fragmentation of chains to provide global chips due to geopolitical tension. Samsung Electronics and Sk Hynix technology to make South Korea the largest country in the world in the world. The government is currently investing $ 470 billion to build a ‘giant complex’ for semi events outside SEOUL, which will serve as the center of the slide sector. The role of South Korea in the Chips Market comes with a time aid package that the United States of America presses its allies to limit China’s access to semiconductor technology. In a report “Bloomberg News”, it is said that US officials want South Korea to limit the arrival of the equipment and technologies needed to manufacture logical discs and advanced memory chips to China. To support the plan in general, the government will extend the tax exemptions for eligible 3 years. I am thinking of expanding the extent of the beneficiaries to include the manufacturers of chip material, their components and equipment.