232.1 Billion KRW to Be Invested in Semiconductor and Display R&D Next Year

Including New Projects... "Focused Support for AI Semiconductors, etc."

[Asia Economy Reporter Moon Chaeseok] The Ministry of Trade, Industry and Energy announced that it plans to support 232.1 billion KRW for semiconductor, display, and embedded software (SW) research and development (R&D) next year. Embedded SW refers to built-in programs that control devices.

On the 30th, the Ministry stated that it will support core technology development projects in these fields through 10 projects next year. About 70 projects will be finalized next month.

In the semiconductor sector, full-cycle R&D support will be provided in the system semiconductor division. It will foster sensors, artificial intelligence (AI) semiconductors, and more.

For example, projects that previously developed bio sensors for detecting biological signals will be upgraded to develop chips that can detect the human body without contact.

To strengthen the competitiveness of domestic fabless companies, a customized R&D support system will be established according to growth stages, from startup companies to global enterprises.

For difficult projects such as AI chips for smart TVs, a new 'competitive R&D' method will be introduced, which selects consortia with high performance through evaluation.

In the display sector, support will be provided for next-generation display development such as form factors, augmented reality (AR), and virtual reality (VR).

To stabilize the industry's value chain, support projects for the development of materials, components, and core equipment will be continuously promoted.

Embedded SW will be supported mainly through software to accelerate digital transformation. Technology development for industrial AI systems and intelligent electronic components will be supported.

The Ministry plans to conduct a second announcement in the second week of next month to disclose detailed project proposals (RFP). In the third week of next month, about 70 newly supported projects will be finally announced.

Seong Yun-mo, Minister of Trade, Industry and Energy, said, "Next year will be an important year for economic revitalization, realization of the Digital New Deal, and digital transformation," adding, "We will focus on supporting R&D in fields such as AI semiconductors, sensors, form factor innovative displays, and embedded SW to serve as a catalyst for economic recovery."

This content was produced with the assistance of AI translation services.