Incheon City's Semiconductor R&D Support Achievements... 175 Hires, 90 Billion KRW Sales Expected

Incheon City is seeing tangible results from its semiconductor research and development support project carried out in collaboration with specialized institutions.

According to the city on the 18th, last year, with 2.4 billion KRW of city funds and 2 billion KRW of national funds, the city promoted projects such as 'Creating a Coexisting Ecosystem for Large and Small-Medium Enterprises in the Semiconductor Industry' and 'Strengthening Competitiveness of Semiconductor Post-Process Materials, Parts, and Equipment Industry' together with the Korea Institute of Industrial Technology (Intelligent Root Technology Research Center), Incheon Technopark, and Inha University.

As a result, all companies participating in the project hired a total of 175 new employees, and the city explained that product development is expected to increase sales by 90 billion KRW this year.

Participating company EMS developed filter material manufacturing technology that had depended on imports, securing the possibility of entering new markets applying to not only the semiconductor field but also applied alloys. Additionally, Daesung Metal developed a paste for power semiconductor device bonding, achieving localization of products that had relied on foreign companies from the United States, Japan, Germany, and others.

Along with this, companies such as Staco, BKM, MCNEX, and Costexsys are also expected to enter new markets and increase sales through product development.

On the 17th, a semiconductor research and development (R&D) support project performance report meeting is being held at Oakwood Premier Hotel in Songdo, Incheon. Provided by Incheon City

Besides this, the city provided additional support for parts that companies found difficult to solve related to research and development, including testing, analysis, and evaluation (180 cases), advanced technology (22 cases), and prototype production (12 cases) targeting root materials, parts, and equipment companies in the local semiconductor sector. Support was also given for technology commercialization (3 cases) and intellectual property registration (6 cases), strengthening companies' technological competitiveness.

Inha University also contributed to fostering semiconductor professionals by holding employment camps linked to semiconductor workforce training education, with 197 unemployed technicians with experience participating.

The city held a performance report meeting for the semiconductor research and development support project at the Oakwood Premier Hotel in Songdo, Incheon, the previous day, providing time for industry, academia, research, and government to discuss continuous development plans for Incheon's semiconductor industry.

Incheon is home to Amkor Korea and STATS ChipPAC Korea, the world's 2nd and 3rd largest companies in the semiconductor post-process (packaging and testing) sector. More than 1,200 semiconductor-related companies, including global semiconductor equipment companies such as Hanmi Semiconductor, are also located here.

An official from Incheon City stated, "The research and development project serves as an important stepping stone for Incheon to lead the future semiconductor industry," adding, "We will continue to support local companies to strengthen their competitiveness in advanced packaging technology and the semiconductor post-process industry."

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