The authorities of countries around the world have entered a new “arms race”, in the role of which semiconductors are now performing, writes CNBC.
Edition calls semiconductors “blood of today’s global economy,” indicating their demand in many industries, primarily in microelectronics and defense industry.
Recently, a semiconductor deficit has been formed in the global market, which led to a shortage of chips, for the production of which they are used. In the current situation of the company in many countries supported by their governments, increase investment in production and research related to semiconductors.
The latter at the moment the country that joined the race was South Korea, who announced investments in the amount of 510 trillion Vaughters (452 billion dollars). It is expected that most of the funds will be provided by private companies, the rest will make subsidies from the budget.
The authorities of the country expect to achieve industry independence from China and Taiwan, who are considered one of the world leaders in the production of semiconductors and microcircuits. According to Korean President Moon Zhe in, Seoul is going through semiconductors to “protect national interests”.
Currently, South Korea takes 65 percent of the global market for the production of memory chip, mainly due to Samsung. In general, the country is in second place in the world in the production of semiconductors, yielding Taiwan and USA.