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South Korea aims sourcing half its chip materials domestically by 2030

South Korea aims at sourcing half its chip materials domestically by 2030.

South Korea aims at sourcing half its chip materials domestically by 2030. | Photo Credit: Reuters

South Korea said on Thursday it is targetting supplying half of its chip materials, components, and equipment locally by 2030, up from 30% currently.

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The plan is part of President Yoon Suk-yeol administration’s strategy to strengthen the semiconductor industry as the home to top memory chip makers Samsung and SK Hynix seeks to bolster supply chain stability and resources to become a “superpower” in the field.

South Korea’s chip industry estimates that about 20% of chip equipment and 50% of chip materials have been localised, the industry ministry said in a joint statement with other ministries.


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Printable version | Sep 9, 2022 2:06:25 am | https://www.thehindu.com/sci-tech/technology/south-korea-targets-localising-50-of-its-chip-materials-supply-by-2030/article65665061.ece