South Korean President Yoon Suk Yeol has announced a top funding of 9.4 trillion dollars (US$6.94 billion) in artificial intelligence (AI) reached in 2027. The company’s decision targets to fortify South Korean chips primarily in the leading-edge semiconductor sector in a highly competitive arena with the likes of the USA, Japan, and China.
Strengthening semiconductor supply chains
The South Korean government set up a special 1.4 trillion won fund aside from AI investment to comprehend the development of AI chip-based firms. In doing this the company stays on track with a more general improvement effort at the national level by adopting the approaches which are being carried out by other crucial contenders.
It is commonly accepted that chip is the foundation of the South Korean economy that puts great emphasis on exports. A sales record of US$11.7 billion from chips that made almost one-fifth of the total exports in March has demonstrated the significance of the semiconductor industry.
President Yoon asserted that the semiconductor industry is essential now, not in an ordinary context but in an industrial war in diverse countries engaged in the world competition. The suggested investments will shift to those that impel research and development on AI chips especially where either artificial neural processing units (NPUs) or next-generation high-bandwidth memory chips are the focal points.
South Korea’s ambitious AI and semiconductor goals
In addition to state-run Korean opportunities, South Korean regulatory bodies also plan to grow cutting-edge AGI (Artificial General Intelligence) technologies and enhance safety beyond the previous models. In his address, President Yoon announced that Korea aspires to become one of the world’s top three nations in AI as well as in its hardware engineering in the foreseen future and to take a 10 % or more share of the global system semiconductor market by 2030.
President Yoon expressed his belief that South Korea would stay an important chipmaker just as it has been the memory chips champion for the last three decades. He foresees a new AI micro-chip-led story around human beings which will continue to be written in the coming years.
South Korea’s resilience and AI investment
Although the special quake in Taiwan will negatively affect major chipmaking, Pres. Yun can so far know that not the South Korean companies are greatly disturbed by this disaster. Nevertheless, the semiconductor industry ecosystem was highlighted as being fundamental for avoiding the uncertainties and thus being prepared to handle them.
South Korea’s eligible investment in AI is indicative of its determination to effectively confront competition on the global level. Through AI development, the country is looking forward to not only maintaining but also maximizing its advantageous prospect among leading countries that have a major share in technology development across the world.
Original Story From channelnewsasia