The Strategic Economic Advisory Group visited an artificial intelligence (AI) semiconductor company to discuss policy measures aimed at supporting the ongoing growth and expanded use of semiconductors.
On September 21, the Ministry of Economy and Finance announced that the advisory group held a meeting of its semiconductor subcommittee at DeepX, located in Pangyo, Gyeonggi Province.
DeepX is developing ultra-low-power Neural Processing Units (NPUs) for on-device AI, which processes computations directly within devices without relying on cloud servers. The company has received recognition for its technology, winning innovation awards at CES 2024 and 2026, and is collaborating with global firms such as Hyundai Motor and Baidu.
After touring the exhibition area at DeepX, attendees discussed urgent and important policy measures for the sustained growth of domestic semiconductor companies. The subcommittee members proposed the introduction of incentive systems to expand the use of domestic semiconductors and support for testing semiconductor materials and parts.
Attending the visit were Park Young-sun, chair of the Strategic Economic Advisory Group and Minister of SMEs and Startups; Kim Sung-soo, vice chair and a professor at Yonsei University; Kim Jung-ho, chair of the semiconductor subcommittee and a professor at KAIST; Cha Jeong-hoon, former CEO of KAIST Holdings; Kim Nok-won, CEO of DeepX; Jo Jae-hong, executive director at DeepX; Baek Jun-ho, CEO of FuriosaAI; and Kim Yong-ki, associate researcher at the Science and Technology Policy Institute (STEPI).
The Ministry of Economy and Finance plans to continue exploring policy measures in strategic industries based on discussions from the advisory group’s subcommittee.
Meanwhile, the Strategic Economic Advisory Group, which was established in April of this year, is engaged in various activities, including identifying budget projects and hosting forums and joint seminars. Starting in the second half of the year, it will focus on discussing policy measures in strategic industries through communication with eight subcommittees covering semiconductors, AI and robotics, bio, energy, defense, space, quantum, and AI agent commerce.
* This article has been translated by AI.
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