South Korea has unveiled a support package to strengthen its semiconductor industry and catch up with international rivals. The plan aims to support large companies and weaker sectors, particularly in the IC design and foundry sectors.

Looking ahead to 2024, Qisda is set to concentrate on four key operational strategies, targeting heightened growth and market dominance.

Based on the scale of the subsidies for fab construction given through the US Chips Act, advanced manufacturing processes remain the gold standard in chip manufacturing. This is especially true in the AI era, where the demand for high-performance computing (HPC) is becoming increasingly intense. Companies are competing fiercely in pursuit of Moore’s Law.