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US News South Korea's semiconductor industry is 370 billion euros in the chip development

14:05  20 may  2021
14:05  20 may  2021 Source:   t3n.de

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South Korea's semiconductor manufacturers want to raise chippage production in the East Asian country with massive investment. They are supported by the government with significant tax events.

Südkoreas Hauptstadt Seoul. © Shutterstock.com South Korea's capital Seoul.

The South Korean government has agreed with the country's semiconductor manufacturers on a massive investment package. Converted more than 369 billion euros, companies want to stuck in semiconductor research and chip development over the next ten years. This is apparent from consistent reports of Bloomberg and Nikkei Asia .

South Korea's semiconductor companies are supported by tax cuts. For investments, the Government of President Moon increases JAE-to the current tax deduction rate for semiconductor research and development of 30 to 40 percent. In addition, there should be tax references of six percent for building new manufacturing facilities.

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"We have launched this K semiconductor strategy in cooperation with the private sector to meet the rapidly changing situation around semiconductors in view of the chip shortage," explains Trading Minister Moon Sehung-Wook the tax package. The aim is to help South Korea to a leading position in chippetroduction and to cover global demand.

Samsung increases investments in semiconductors 30 percent

As part of the South Korean semiconductor strategy, Samsung is set up alone within the next ten years 125 billion euros in the sector. This corresponds to an increase in the originally considered investment volume of 30 percent. Samsung is the largest manufacturer of dram chips and has a market share of 42 percent in this segment. The second largest manufacturer in the area is another South Korean company with SK Hynix.

, however, South Korean companies remain significantly behind Taiwan in the Foundry area, ie chipping for other companies. The Taiwanese market leader TSMC achieves a market share of more than 50 percent in this segment. In the opinion of analysts, this market area is likely to grow significantly in the coming years, which is why South Korea's semiconductor industry is becoming increasingly active in this area.

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