Gov't to streamline regulations for imports of key semiconductor manufacturing equipment

The nameplate of the Ministry of Trade, Industry and Resources at the government complex in Sejong [YONHAP]

The government will streamline import procedures for extreme ultraviolet (EUV), key equipment used for semiconductor manufacturing, as part of a broader effort to help the booming chip industry maintain its manufacturing competitiveness, the Ministry of Trade, Industry and Resources said Tuesday.

Under the revised enforcement decree of the High-Pressure Gas Safety Control Act endorsed by the Cabinet, imports of EUV equipment are expected to take about nine days, shortened from the current 34 days, according to the Industry Ministry.

Related Article

The ministry said the revision will help domestic chipmakers, such as Samsung Electronics and SK hynix, swiftly secure EUV equipment, essential for establishing advanced production facilities.