South Korea is planning to increase its financial support for domestic chipmakers in 2025, with an expected funding of 14.3 trillion won (approximately $10.2 billion). This initiative aims to strengthen the semiconductor industry in the face of potential challenges from the incoming Trump administration and growing competition from Chinese firms.
The government also intends to contribute a significant amount towards the underground installation of power cables in chipmaking clusters located south of Seoul, as part of a broader strategy to stimulate the sector and maintain its global competitiveness.