back to article South Korea creates $451bn semiconductor stimulus package

South Korea's government announced a support package worth 510 trillion won (US$451bn) to bolster in-country chip production with the hopes of becoming a global supply chain leader. Additionally, the Finance Ministry will raise tax deduction ratio for semiconductor R&D to forty percent, up from the current 30 points, and …

  1. confused and dazed

    heck

    it's always been an expensive game, but that is a LOT of money ... I love how big the Koreans think.

    1. HildyJ Silver badge
      Boffin

      Re: heck

      Unfortunately, the West is lagging behind. President Biden's proposed budget has only $50bn for its similar investment program.

      1. This post has been deleted by its author

      2. Anonymous Coward
        Anonymous Coward

        Re: heck

        This South Korean figure is over a decade and includes private investment/R&D spend.

  2. Dasreg

    Great where are they going to get all the water and where are they going to dispose all the toxins? Good jobs are all good but that sounds like a lot of strain

  3. Dasreg

    Thats using a lot of water and emitting a lot of toxins

    1. Snowy
      Coat

      I would hope part of it would be to increase re-cycling of water and any toxin materials they use. Which would lead to needing less water and releasing less toxins to the environment.

  4. This post has been deleted by its author

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