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General

South Korea to provide massive tax incentives, state subsidies to chip manufacturers

Friday 14 May 2021 | 06:52 CET | News
South Korea has announced plans to provide massive tax incentives and state subsidies to chip manufacturers to encourage them to invest a total KRW 510 trillion (approximately USD 453 billion) by 2030, Yonhap news agency reports. Under the plan dubbed the K-semiconductor Blueprint, the government also plans to invest KRW 1.5 trillion to support the development of power semiconductors and AI chips, according to the Ministry of Trade, Industry and Energy.

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Categories: General
Companies: SK Hynix
Countries: Korea, Republic of
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