Minister Park Sung-taek Visited Furuosa AI to Hold Consultation with Domestic AI Semiconductor Demand and Supply Companies.,
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, “The government will establish a system semiconductor verification support center in Pangyo, Seongnam in September. It will also strengthen the ongoing artificial intelligence (AI) semiconductor collaboration forum and provide 1.1 trillion won in financial support to semiconductor design specialist companies (Fabless).”,
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, “The Ministry of Trade, Industry and Energy announced that on the 14th, Vice Minister Park Sung-taek visited Fruosa AI, a local AI semiconductor demand and supply company located in Gangnam, Seoul, and held a meeting with major AI semiconductor companies. This event marked Vice Minister Park’s first field appearance since taking office. Participants from the industry included Mobilinx, Gaon Chips, Obigo, DeepX, LG Electronics, Hyundai Motor, Hanwha Systems, and the Korea Semiconductor Industry Association.”,
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, “During the meeting, amidst the spread of ‘on-device AI’ across all industries, discussions were held on diagnosing AI technology and the current status of domestic semiconductor applications by industry sector such as automotive, home appliances, and defense. They also discussed the development and application of custom high-performance, low-power AI semiconductors (edge semiconductors). Attendees from the industry acknowledged that while companies like NVIDIA currently lead in server semiconductor market, there is an opportunity for new Fabless companies to enter the edge semiconductor market, which is advantageous for Korea’s key industries.”,
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, “Accordingly, the ministry plans to support the development of edge semiconductors in seven key industries (automotive/home appliances-IoT/mechanical/robotics/energy/bio-medical/defense) from next year, aiming to integrate industry with AI and create new business models.”,
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, “For example, by utilizing AI semiconductors, functions such as automatically recommending nearby affordable gas stations when the vehicle is low on fuel, or automatically identifying expired food in the refrigerator and notifying customers, can be implemented. In the energy sector, AI semiconductors can recommend ways to reduce power consumption based on seasonal and population changes.”,
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, “In the second half of this year, the government plans to announce comprehensive support measures for system semiconductor industry in the AI era. This plan is expected to include demand-driven large-scale research and development (R&D), infrastructure for AI semiconductor development and production, large-scale financing for Fabless scale-up, and nurturing skilled design workforce.”,
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, “Firstly, the government will enhance the operation of the ‘AI Semiconductor Collaboration Forum,’ which involves 11 demand companies by industry sector and 31 participating IP-Fabless-design houses-SW companies. In September this year, a system semiconductor verification support center will be established in Pangyo, Seongnam to support the design and verification using high-cost equipment essential for AI semiconductor development. Additionally, a ‘Korea-US AI Semiconductor Center’ will be established in Silicon Valley to support overseas expansion of Fabless companies.”,
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, “The ministry plans to start executing a 1.1 trillion won semiconductor ecosystem fund targeting Fabless companies seeking scale-up or mergers and acquisitions (M&A) from the third quarter of this year, beginning with the existing 300 billion won fund. It is expected to focus on supporting the growth of system semiconductor companies.”,
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, “Efforts will be made to strengthen university training programs for nurturing semiconductor design talent and introduce new education courses for design engineers who can be immediately deployed in the field. Additionally, plans are underway to improve conditions for excellent foreign talents to work in domestic Fabless companies through discussions with relevant ministries.”,
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