South Korea plans to launch a $3.5 billion chip fund and allocate 5 trillion won in trade finance to accelerate semiconductor hub development, officials announced Monday.
South Korea allocates $3.5B to semiconductor fund for fabless companies and suppliers in $576B megaproject led by Samsung and SK Hynix. The initiative signals geopolitical competition over chip supply-chain autonomy, reshaping global semiconductor strategy.
The fund will focus on fabless companies
Aug 10, 2026
07:44 pm
What's the storySouth Korea has announced a massive 5 trillion won ($3.52 billion) semiconductor fund to boost its chip industry.
The fund will focus on promising materials, parts and equipment firms as well as fabless companies.
The government will also provide a further 5 trillion won in trade finance for suppliers, Presidential Chief of Staff Kang…
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