Gyeonggi-do Invests 9 Billion KRW in Technology Development for Vulnerable Semiconductor Areas

Gyeonggi Provincial Government Gwanggyo New Office Building

Gyeonggi Province will invest a total of 9 billion KRW over three years in technology development for vulnerable areas in the semiconductor sector.

On the 15th, the province announced that it will hold a public contest for new support projects under the "Gyeonggi Province Testbed Utilization Semiconductor Technology Development Project" until the 4th of next month.

This project is being promoted by Gyeonggi Province in collaboration with the Next-Generation Convergence Technology Institute to achieve supply chain independence in the semiconductor sector within the province. It supports key vulnerable areas in the semiconductor supply chain, including ▲ semiconductor materials, parts, and equipment ▲ system semiconductors ▲ next-generation semiconductors.

The province plans to develop prototypes of core semiconductor items and secure demand sources from domestic and international companies by operating step-by-step support programs such as technology development and prototype demonstration support.

After conducting a public contest for 12 items with high industrial ripple effects and high import dependency, the province will support up to 1.26 billion KRW annually, totaling 9 billion KRW over three years, for the six items finally selected starting this year.

Song Eun-sil, head of the Semiconductor Industry Division of the province, emphasized, "We hope that many potential institutions within the province will take an interest in semiconductor technology development and participate through this contest." She added, "Gyeonggi Province will do its best to strengthen supply chain independence through technology development, technology demonstration, and support for cooperative systems in vulnerable areas of the semiconductor supply chain."

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