Ministry of SMEs and Startups Holds the 5th 'Fabless-Foundry Win-Win Council' Meeting

At the 12-inch semiconductor testbed cleanroom of the Daejeon Nano Convergence Technology Institute, a researcher is showcasing an MPW test chip. It is forecasted that the global semiconductor shortage will continue until mid-next year. As the local industry in the region, which is pursuing a semiconductor ecosystem advancement strategy, faces potential impacts from this trend, attention is focused on the situation, while various countries around the world are also rolling out their countermeasures one after another. Our government is accelerating efforts to advance the semiconductor ecosystem. Through the 'K-Semiconductor Strategy Report,' the government envisions a leap to becoming a comprehensive semiconductor powerhouse by 2030 and plans to complete semiconductor localization through massive investments and tax benefits. Having achieved K-quarantine through COVID-19, South Korea is expected to proudly demonstrate the success of K-semiconductors in the global semiconductor supremacy competition. /Daejeon=Photo by Kang Jin-hyung aymsdream@

On the 5th, the Ministry of SMEs and Startups held the 5th 'Fabless-Foundry Win-Win Council' at Tipstown in Gangnam-gu, Seoul, attended by the Korea Fabless Industry Association, Samsung Electronics, and four domestic foundry companies, as well as members of the Semiconductor Division of the Innovation Network Forum.

The Win-Win Council is a regular communication channel involving the fabless industry, foundries (contract manufacturers), and the Ministry of SMEs and Startups to secure competitiveness in Korea's fabless (semiconductor design specialized) industry and the overall system semiconductor sector. This was the fifth meeting.

At this Win-Win Council, the Ministry of SMEs and Startups explained the 'Super-gap Startup Open Innovation Promotion Plan,' which aims to strengthen the global competitiveness of fabless startups in rapidly growing new industry sectors by encouraging active collaboration and exchange with large corporations, public institutions, and global companies. Attendees also shared their opinions.

The Secretary General of the Korea Fabless Association and the Chair of the Semiconductor Division of the Innovation Network Forum each presented on 'Fabless Startup Development Policies and Technology Exchange Methods Among New Industries' and 'Plans to Build a Semiconductor Ecosystem for Demand Linkage,' respectively.

Kang Gi-sam, Head of the Future Industry Strategy Team at the Ministry of SMEs and Startups, stated, "Open innovation involving mutual cooperation centered on fabless companies, foundries, and public institutions is very important to strengthen the competitiveness of the system semiconductor industry, a core industry of our country." He added, "The Ministry will continue to support open innovation to enhance the global competitiveness of startups in new industry sectors such as fabless."

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