Gyeonggi Province Launches Fabless Semiconductor Prototype Validation Program... Up to 50 Million Won in Support

by Lee YeongKyu

Published 22 Sep.2025 07:21(KST)

Gyeonggi Province is launching a pilot support project for semiconductor design companies (fabless companies) to validate their prototypes.

On September 22, Gyeonggi Provincial Government announced that it will be accepting applications until October 24 from companies wishing to participate in a pilot support project designed to help local fabless companies verify their innovative technologies and products with actual client companies or in testbed environments.

The program is open to small and medium-sized, as well as mid-sized, fabless companies based in the province that have been in business for at least one year. A total of seven companies will be selected, and each project may receive up to 50 million won in support, with partial self-funding required.

Gyeonggi Provincial Government

The areas eligible for support include those that manufacture products through semiconductor design, such as artificial intelligence (AI), autonomous vehicles, and the Internet of Things (IoT). However, only projects that have reached Technology Readiness Level (TRL) 7 or higher will be considered.

Through this initiative, Gyeonggi Province aims to increase the chances of mass production success for small and mid-sized companies, establish a stable domestic supply chain, and strengthen the competitiveness of local businesses.

Park Minkyeong, Director of the Semiconductor Industry Division at Gyeonggi Provincial Government, stated, "Pilot support is a crucial stepping stone for fabless companies to validate their technologies in the market and translate them into sales. We have prepared this support program to help local fabless companies secure global competitiveness, and we hope to see many companies participate."