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News in English (USA) / 15.04.2025 / 06:00

South Korea Announces Major Support Package for Semiconductor Industry Amid US Tariff Uncertainty

In response to the looming uncertainties surrounding US tariffs on semiconductor imports, South Korea has unveiled a massive support package worth over $23 billion aimed at bolstering its chip industry. This initiative comes as market turmoil is anticipated due to potential tariffs imposed by the US, which could significantly impact revenue for Korean chipmakers. To mitigate these risks, the South Korean government is also planning an additional investment of $4.9 billion to further enhance support for the semiconductor sector. As the country seeks to maintain its global competitiveness, particular focus is being placed on assisting AI chip manufacturers and exploring strategies to counteract US trade challenges.
Reuters, CNBC, WSJ, 매일경제, Chosunbiz, Businesskorea, Yonhap News Agency, MLex, TradingView, TrendForce