Search results for Chips Act
Industry
Subsidies vs tax credits put South Korea chip support at crossroads
Samsung Electronics and SK Hynix are reviewing investments worth hundreds of trillions of won in semiconductor clusters in the Honam and Chungcheong regions, accelerating debate over how the government should support the industry. The key issue is whether to rely on tax credits for fab construction or shift to direct cash subsidies like rival countries. The government is also pursuing a regional balance strategy, with a semiconductor special law due to take effect in August.
Industry
U.S. to provide $500 million to SandboxAQ for semiconductor materials development
The U.S. government plans to invest $500 million in SandboxAQ, a U.S. AI and quantum technology company spun off from Alphabet, and take a minority stake. The funding is to develop chemicals and materials for U.S. semiconductor plants, including PFAS alternatives, performance-enhancing materials and catalysts to speed chemical reactions in chipmaking. The work also includes reducing or replacing rare earths used in permanent magnets and batteries in manufacturing equipment.
Industry
European semiconductor technology firms turn to South Korea
European semiconductor technology firms are opting for South Korea as a testing ground as they lack a domestic base for mass-production verification. Samsung Electronics and SK Hynix’s cutting-edge lines are emerging as an alternative, shifting South Korea from an equipment-import market to a partner in joint technology development. Structural limits in Europe and tougher access to the U.S. and China are also cited as drivers.