Only radical, determined and effective support to buttress Korea’s chip edge can reap the fruits of strengthened national competitiveness, economic growth, and job increases.
The government must do its utmost to help local companies survive and win the competition against global chipmakers.
The National Assembly on Thursday passed a bill known as the K-Chips Act to give bigger tax incentives to chipmakers and other strategic businesses.
Korean chipmakers are perplexed after the U.S. CHIPS and Science Act demands they share their surplus profits with the U.S. government in return for its subsidy.
If our politicians continue dragging their feet, the country may revert to being a shrimp again.
“Competition in the semiconductor industry has gone beyond a corporate level to a national level. Our government also must be one with companies to build a chip powerhouse,” said President Moon Jae-in.
“Who would have thought China of the Tiananmen massacre could surge as a new global power, and who would have imagined the United States would waste its resources...
When Washington moved to curb the supplies of chips to Huawei last week, some analysts were quick to raise the possibility of Korean chipmakers Samsung Electronics and SK hynix benefiting from the estranged business relation between TSMC and Huawei.
Korea JoongAng Daily Sitemap
