Korea to invest $159 mil. to secure core semiconductor, battery technologies
An interior of Samsung Electronics' semiconductor plant in Pyeongtaek, Gyeonggi Province / Courtesy of Samsung Electronics
The science ministry on Wednesday unveiled a plan to allocate 235.1 billion won ($159 million) to research projects in the semiconductor, display and battery industries to secure core technologies in the advanced industrial sectors that will in turn ensure the country's long-term growth.
The Ministry of Science and ICT said it plans to provide the fund to 27 projects aimed at securing cutting-edge technologies in the three industries.
Of the total, 187 billion won will be spent on 18 semiconductor-related projects, including the development of next-generation chip packaging technologies and advanced automotive chips for software-defined vehicles (SDVs).
An additional 13.9 billion won has been set aside for three display projects and 34.1 billion won for six battery programs, according to the ministry.
The science ministry said it plans to announce further details, including application timelines and procedures, in late January.