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 …

[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.

[Anonymous Coward]

Re: heck

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

[Anonymous Coward]

Re: heck

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

[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

[Dasreg]

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

[Snowy]

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.