South Korea Launches $19 Billion Plan to Diversify Semiconductor Industry

The initiative aims to strengthen the nation's position in non-memory chip sectors through financial support and tax incentives.

President Yoon Suk Yeol describes the semiconductor industry as a field of 'all-out national warfare.'
The plan includes a $17 trillion won financial support program through the Korea Development Bank.
A $1 trillion won fund will support fabless companies and equipment manufacturers.
South Korea aims to increase its market share in non-memory chips from 2% to 10%.
The government will extend tax benefits and streamline bureaucracy to aid the semiconductor sector.