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Industry

AI chip glass substrate supply chain race enters round two, expands into materials alliances

Competition over glass substrates, a next-generation semiconductor packaging material, is shifting from individual company technology validation to a race to build supply chains led by materials alliances. Samsung Electro-Mechanics has moved to set up a 480 billion won joint venture with a Sumitomo Chemical group affiliate. The move sharpens its rivalry with SKC, whose unit Absolics has completed construction of a glass substrate mass-production line in Georgia.

Finance

FSC names 7 SME-focused brokerages to strengthen venture capital supply

South Korea\'s Financial Services Commission has designated seven securities firms as its sixth group of SME-focused financial investment companies to support funding for small and venture firms. The designation runs from July 10, 2026 to July 9, 2029. The FSC said it screened firms more strictly, focusing on capabilities and effects, and noted that designated firms have provided 17.9 trillion won in support over about 10 years.

Industry

K suppliers buzz as government, Samsung, SK Hynix unveil 800 trillion won plan for second chip cluster

South Korea\'s semiconductor materials, parts and equipment sector is drawing attention after the government, Samsung Electronics and SK Hynix unveiled an 800 trillion won investment plan for a second semiconductor cluster in the southwest. The government is pushing three mega projects centered on semiconductors, physical AI and AI data centers. It expects early benefits for infrastructure and process equipment orders and aims to link production in the southwest with supplier bases in the southeast and Daegyeong regions.