SEOUL :South Korea said on Thursday it aimed at local sourcing for half of its materials, components and equipment in semiconductor manufacturing by 2030, up from 30 per cent currently.South Korea, home to top memory chip makers Samsung and SK Hynix, is seeking to bolster supply chain stability and resources to become a superpower in the field.
"Despite some achievements in self-reliance, high-tech, key technologies are still highly dependent on outside parties," it said, adding that the U.S.-China trade conflict and the Russia-Ukraine war continued to destabilise supplies. Under the plan, South Korea will also spend 950 billion won on feasibility studies on development of power and auto chips from 2024 to 2030 and 1.25 trillion won to develop artificial intelligence chips by 2029.
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