Busan City Selects Six Leading Companies for 'Power Semiconductor Specialized Complex'

On the 15th at 2 PM, Nongshim Hotel, 'Power Semiconductor Leading Company Designation Certificate Awarding & Memorandum of Understanding Signing Ceremony'

Signing of MOU for mutual cooperation to participate in core technology development and promo

Busan City will hold the 'Power Semiconductor Leading Company Designation Certificate Awarding and Memorandum of Understanding Signing Ceremony' at 2 p.m. on the 15th at the Nongshim Hotel.

Busan City Hall.

The event will be attended by Kim Gwang-hoe, Head of the Power Semiconductor Specialized Complex Promotion Team and Deputy Mayor for Economic Affairs of the city, as well as representatives of the companies selected as leading companies.

This event was organized to award the 'Power Semiconductor Leading Company' designation certificate to companies that will lead the next-generation semiconductor industry ecosystem in fields such as equipment, materials, devices, packages, and modules, which are core supply chains of power semiconductors, following the designation of the Busan Power Semiconductor Specialized Complex last July and the announcement of customized support plans for the specialized complex by the government and the city on the 3rd of this month.

Furthermore, this occasion serves as a commitment for mutual cooperation between the city and the leading companies to activate the specialized complex by completing the supply chain of the Busan Power Semiconductor Specialized Complex and realizing ultra-gap technology.

The six companies designated as leading companies this time are ▲IQ Lab ▲STI ▲B2G ▲SK Powertech ▲Trino Technology ▲JMJECO.

These companies possess excellent technological capabilities in the silicon carbide (SiC) compound power semiconductor field related to building the core supply chain of the specialized complex, and they have either moved into or are scheduled to move into the specialized complex through investment attraction agreements with the city.

The leading company status will be maintained for two years until March 2026, and the designation period may be extended in consideration of investment achievements such as power semiconductor technology development and production facilities.

The companies designated as leading companies will participate in the development of core technologies in each field of the power semiconductor specialized complex supply chain, including equipment, materials, devices, packages, and modules, following the awarding of the designation certificates on the day, and will sign a memorandum of understanding with the city to mutually cooperate in promoting private investment to revitalize the specialized complex.

Additionally, to promote investment within the specialized complex, they promise to develop core technologies as soon as possible, establish workspaces and production facilities, strive for regional economic development and the creation of good jobs, and especially cooperate mutually in hiring local talent.

Kim Gwang-hoe, Head of the Specialized Complex Promotion Team (Deputy Mayor for Economic Affairs), stated, “Our city is rapidly advancing the strengthening of Busan’s innovation capabilities and securing new growth engines based on excellent local technologies. The designation of power semiconductor leading companies this time will serve as a catalyst for the city and companies to grow together, enabling the emergence of second and third leading (anchor) companies that will lead the next-generation semiconductor industry ecosystem in Busan.”

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