Less than two weeks ago, South Korea’s finance minister said the country was preparing to shell out $7.3 billion for its chip sector, to keep up with the torrents of state funding that are flowing around the world. Today, the government unveiled its promised package—and at $19 billion it’s more than twice as big as previously signaled.
“As we all know, semiconductors are a field where all-out national warfare is underway,” President Yoon Suk Yeol said, according to Reuters. “Win or lose, that depends on who can make cutting-edge semiconductors first.”
