The semiconductor industry has expressed strong support for the new investment plans announced by Samsung Electronics and SK Hynix. The investments are seen as a crucial step to effectively respond to the rapidly changing global artificial intelligence (AI) semiconductor market while simultaneously strengthening supply chains and promoting regional balanced development.
In a statement on June 29, the Semiconductor Association noted, "This investment plan is particularly significant as it involves investments in the front-end process outside the metropolitan area," adding that it reflects a firm commitment to maintaining market leadership in memory semiconductors during the AI era.
According to the association, the global semiconductor market is expected to surpass $1 trillion this year. Additionally, domestic semiconductor exports surged by 153% compared to the same period last year as of May, driving national economic growth. However, the association cautioned that "expanding supply to meet surging demand and the aggressive investments by global competitors are challenges we face."
The association also emphasized that investments in the increasingly important back-end process will contribute to strengthening related supply chains.
It further highlighted the importance of swiftly implementing the investment plans, stating, "The role of government support, including local consultations, is crucial alongside corporate efforts. We will actively support smooth investment progress through close cooperation with the government and the industry."
* This article has been translated by AI.
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