SEMI Establishes 'Semiconductor Climate Consortium' Including Samsung Electronics and SK Hynix

Consortium Launch Announcement Scheduled at Next Month's COP27 Climate Change Conference

[Asia Economy Reporter Kim Pyeonghwa] The Semiconductor Equipment and Materials International (SEMI) announced on the 2nd that it has established the Semiconductor Climate Consortium to reduce greenhouse gas emissions occurring throughout the global semiconductor supply chain.

The consortium includes more than 60 founding members, comprising domestic companies such as Samsung Electronics, SK Hynix, and Dongjin Semichem, as well as overseas companies including AMD, ASML, Micron, NXP, and TSMC. These members joined the consortium agreeing on the necessity to lead climate change efforts within the semiconductor supply chain while supporting the Paris Agreement.

The Semiconductor Climate Consortium plans to collaborate to pursue common approaches and innovations to reduce greenhouse gas emissions. It will report progress annually and strive to achieve Net Zero by 2050. From the 8th to the 10th of next month, the consortium will participate in the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27) held in Sharm El Sheikh, Egypt, to announce its launch.

Ajit Manocha, CEO of SEMI, said, "Although various companies are struggling for decarbonization, the entire industry must work together to achieve the goal collectively," adding, "We hope many companies in the semiconductor supply chain join the newly launched consortium and work together towards decarbonization."

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