Generating 39 Billion KRW in Sales Through Next-Generation Power Semiconductor Commercialization Project

Ministry of Industry: "Actively Fostering Growth Ecosystem for Compound Semiconductors"

[Sejong=Asia Economy Reporter Kwon Haeyoung] The Ministry of Trade, Industry and Energy announced on the 21st that the next-generation power semiconductor commercialization project has generated sales performance worth 39 billion KRW over the past two and a half years.

On the same day, the Ministry held an online and offline 'New Industry Creation Power Semiconductor (Power Semiconductor) Commercialization Project Performance Review Meeting' with the Korea Institute for Advancement of Technology and the Korea Semiconductor Industry Association.

This project focuses on supporting the establishment of a foundation for silicon and compound (SiC, GaN) material power semiconductors. The project period is from 2017 to 2023, with a total investment of 83.6 billion KRW. In 2019, through this project, the 'Power Semiconductor Commercialization Center' was established at Pusan National University and the Ulsan Science and Medical Industrial Complex in Gijang-gun, providing the only 6-inch SiC foundry prototype production service in Korea.

Participating companies achieved commercialization results worth 39 billion KRW in sales from 2019 to May this year through product development. Company A developed a high-efficiency battery management semiconductor for Internet of Things (IoT) devices, achieving cumulative sales of 21 billion KRW, while Company B succeeded in developing semiconductors used for automotive steering and supplied them to finished car manufacturers, generating cumulative sales of approximately 8 billion KRW.

In terms of technological competitiveness, the foundation for domestic companies' growth was secured, including the development of global leading 1200V-class/1700V-class trench-type SiC MOSFETs.

The government plans to promote the 'Next-Generation Power Semiconductor Technology Development Based on Compound Semiconductors' starting next year to secure commercialization and mass production technologies for compound semiconductors. It will also actively support securing competitiveness in the compound semiconductor field through demand-supply company linkage and joint development, as well as expansion of domestic manufacturing infrastructure.

Kang Kyungseong, Director of Industrial Policy at the Ministry of Trade, Industry and Energy, stated, "To leap forward as a comprehensive semiconductor powerhouse, we will actively nurture strategic fields such as next-generation power semiconductors based on compound semiconductors."

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