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South Korea plans to 'significantly boost' semiconductor cooperation: president Yoon Suk Yeol

Economic Times

Economic Times · 1y ago

South Korea plans to 'significantly boost' semiconductor cooperation: president Yoon Suk Yeol

South Korea's plans to enhance semiconductor cooperation, emphasizing the importance of the semiconductor industry in the nation's economy and global competitiveness. President Yoon Suk-yeol highlighted the need for collaboration between the government, industry, and academia to secure South Korea's position as a leading semiconductor producer. The country aims to invest in research and development, strengthen its supply chains, and foster global partnerships to ensure its semiconductor industry's continued growth and success.

Related News

South Korean President Yoon Suk Yeol, Mark Zuckerberg discuss AI, digital ecosystems

Economic Times

Economic Times · 1y ago

South Korean President Yoon Suk Yeol, Mark Zuckerberg discuss AI, digital ecosystems

South Korean President Yoon Suk Yeol met with Mark Zuckerberg, CEO of Meta, to discuss increased cooperation in artificial intelligence (AI) and digital ecosystems. Yoon highlighted South Korea's smart home appliances, wearable devices, and smart cars as a good platform for Meta's AI technology. They discussed creating open AI and digital ecosystems, strengthening cooperation, and countering fake news on Meta's platforms. Yoon also asked Meta to play an active role in monitoring and countering malpractices. This meeting follows Zuckerberg's discussions with Samsung and LG Electronics on potential AI and XR technology cooperation. South Korea has taken measures to support local AI development.

South Korea to invest $7 billion in AI in bid to retain edge in chips

Economic Times

Economic Times · 1y ago

South Korea to invest $7 billion in AI in bid to retain edge in chips

South Korea is set to invest $6.94 billion in artificial intelligence by 2027 to maintain its position in cutting-edge semiconductor chips. An additional $1.4 trillion will be allocated to support AI semiconductor firms. This move aims to keep pace with other countries, such as the US, China, and Japan, which are also boosting their semiconductor supply chains. South Korea plans to enhance research and development in AI chips, including neural processing units and high-bandwidth memory chips. President Yoon Suk Yeol hopes to make South Korea one of the top three countries in AI technology and capture a 10% or more global market share in system semiconductors by 2030.

South Korea prepares support package worth over $7 billion for chip industry

Economic Times

Economic Times · 1y ago

South Korea prepares support package worth over $7 billion for chip industry

South Korea is preparing a support package worth over 10 trillion won ($7.30 billion) to boost chip investments and research in order to compete in the semiconductor industry. The package will target chip materials, equipment manufacturers, and fabless companies in the supply chain. The plan may include policy loans and the creation of a new fund financed by state and private financial institutions. South Korea is also constructing a large chip cluster in Yongin, aiming to become the world's largest high-tech complex. President Yoon Suk Yeol has pledged to dedicate all possible resources to excel in the chip industry.

Meta chief Mark Zuckerberg to visit South Korea

Economic Times

Economic Times · 1y ago

Meta chief Mark Zuckerberg to visit South Korea

Meta's CEO, Mark Zuckerberg, is planning a visit to South Korea, where he is expected to hold meetings with Samsung Electronics chairman Jay Y Lee and potentially meet with South Korean President Yoon Suk Yeol. The purpose of the meetings is said to be discussions on topics such as AI chip supply and generative AI. This would be Zuckerberg's first visit to South Korea since 2013. Both Meta and Samsung have declined to comment further on the matter.

Meta's Zuckerberg in South Korea, expected to discuss AI

Reuters · 1y ago

Meta's Zuckerberg in South Korea, expected to discuss AI

Meta CEO Mark Zuckerberg has arrived in South Korea for talks on artificial intelligence (AI) and meetings with President Yoon Suk Yeol and leaders of tech companies. This visit is part of Zuckerberg's tour of Asian countries where he aims to ramp up Meta's AI efforts, including the development of a custom chip and integrating AI functions into products. Discussions will focus on AI chip supply and expanding generative AI ecosystems. This visit marks Zuckerberg's first known trip to South Korea in 10 years. Meta plans to deploy a new custom chip in its data centers and secure 350,000 GPUs from Nvidia to support its AI push.

South Korea hosted summit warns of AI risks to democracy

Economic Times

Economic Times · 1y ago

South Korea hosted summit warns of AI risks to democracy

South Korean President Yoon Suk Yeol has labeled fake news and disinformation, fueled by AI and digital technology, as threats to democracy. At the Summit for Democracy in Seoul, Yoon emphasized the need for countries to share experiences and use technology to promote democracy, while also sounding the alarm on the violation of individual freedom and human rights. The conference aims to address democratic backsliding and erosion of rights. China criticized South Korea for inviting Taiwan's Digital Minister to contribute, as China considers Taiwan its own territory. Digital threats to democracy and countering disinformation were the focus of discussions, with US Secretary of State Antony Blinken highlighting the risks and Russia and China's involvement in manipulation campaigns.

Mark Zuckerberg's Asia trip is all about making AI friends

Business Insider

Business Insider · 1y ago

Mark Zuckerberg's Asia trip is all about making AI friends

Mark Zuckerberg is currently in Japan, engaging in various activities while also focusing on business objectives. He has participated in recreational activities like skiing and explored local cuisine. However, his main goal is to strengthen Meta's AI and mixed reality ambitions in Asia. Zuckerberg has been meeting with political figures, including Japan's Prime Minister Fumio Kishida, to discuss the future of technology. Additionally, he intends to meet South Korea's President Yoon Suk Yeol to establish relationships crucial for regulating AI. Zuckerberg also plans to engage with business leaders to address challenges faced by Meta's mixed reality headsets amidst new competition.

South Korea unveils $23 billion support package for chips amid US tariff uncertainty

Economic Times

Economic Times · 4m ago

South Korea unveils $23 billion support package for chips amid US tariff uncertainty

South Korea has increased its support package for the semiconductor industry to 33 trillion won ($23.25 billion) to counter rising competition and policy uncertainty from the U.S. and China. This includes enhancing financial assistance to 20 trillion won. The move aims to support companies facing global competition costs, particularly as South Korea's semiconductor exports significantly impact its economy. The government will also consult with the U.S. over tariff investigations to protect domestic companies.

North Korea may send more troops to Russia in July or August for Ukraine war, Seoul says

Economic Times

Economic Times · 2m ago

North Korea may send more troops to Russia in July or August for Ukraine war, Seoul says

North Korea plans to send more troops to Russia in July or August to support the Ukraine war, according to South Korean lawmakers briefed by the National Intelligence Service (NIS). Russia is reportedly preparing a large-scale assault against Ukraine in the same timeframe, and North Korea is supplying arms to Russia. In exchange, North Korea receives technical advice on satellite launches and missile guidance systems. Both countries cite mutual defense pact cooperation as the basis for their collaboration.

Mark Zuckerberg’s Asia tour to range From AI to Ambani wedding party

Livemint

Livemint · 1y ago

Mark Zuckerberg’s Asia tour to range From AI to Ambani wedding party

Mark Zuckerberg is set to travel to Japan, South Korea, and India for a week of meetings and engagements related to artificial intelligence and strengthening partnerships. In Japan, he will meet with Meta's developers to discuss virtual reality headsets and language models. In South Korea, he plans to meet with partners, including Samsung and LG Electronics, to explore AI cooperation and joint development of extended reality headsets. Finally, he will attend pre-wedding celebrations in India. These trips reflect Meta's focus on AI and its ambition to build artificial general intelligence.

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