2023-06-26 09:26:27
A total of 300 billion won was created to implement the ‘Strategy to Achieve Superpower in Semiconductors’
[에너지데일리 최일관 기자] As a financial support measure to expand the memory-centered domestic semiconductor value chain to system semiconductors and parts, a total of 300 billion won’s ‘Semiconductor Ecosystem Fund’ will be created in earnest.
This fund will be created with the largest scale (300 billion won) compared to existing funds, considering the high liquidation rate of the currently operating semiconductor-only fund.
In addition, it plans to support the scale-up of promising fabless and small-manufacturing companies by increasing the size of project investment compared to existing funds, and actively support technology advancement through activation of mergers and acquisitions (M&A).
The operation of the fund will be taken over by Korea Growth Finance, and the investment will be initiated within this year following going through the process of selecting a sub-fund consignment operator in the future.
On the 26th, the Ministry of Trade, Industry and Energy held an MOU signing ceremony for the launch of the ‘Semiconductor Ecosystem Fund’.
Jang Young-jin, 1st Vice Minister of Trade, Industry and Energy, who attended the signing ceremony, said, “The government recognizes the increasingly fierce competition for leadership in the global semiconductor industry as a wartime situation, and is doing its best to provide support that does not lag behind competitors.”
Vice Minister Jang Young-jin continued, “Increase in investment tax credit to promote semiconductor investment, introduce special case for floor area ratio reduction, create advanced system semiconductor cluster worth 300 trillion won to strengthen system semiconductor competitiveness, and high-tech semiconductor technology as a test bed for new technologies for localization of fabless and components. We are promoting unprecedented support measures such as establishing an ASTC.”
At the same time, Vice Minister Chang said, “The ‘Semiconductor Ecosystem Fund’ launched this time is for the growth and independence of fabless and small-scale companies that are experiencing difficulties in raising investment funds due to recent interest rate hikes and deteriorating business conditions. We look forward to being able to serve as a priming water for the birth of a Korean Nvidia that will lead the future.”
Following the MOU signing ceremony, Vice Minister Jang Young-jin presided over a meeting with Vice Chairman of the Financial Services Commission to listen to the financial difficulties of fabless and small equipment companies. We will continue to strengthen financial support for Korea,” he said.
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