On June 28, South Korea’s Ministry of Trade, Industry, and Energy announced that semiconductor lobby groups from South Korea and the United States had convened to discuss expanding bilateral cooperation in technology research and maintaining a stable supply chain. This dialogue, held in Washington, was part of an initiative agreed upon by the two countries in April of the previous year, aimed at strengthening ties in the semiconductor sector.
During the event, Industry Minister Ahn Duk-Geun and U.S. Commerce Secretary Gina Raimondo, along with officials from leading chipmakers such as Samsung Electronics, SK Hynix, Intel, and IBM, discussed strategies for enhancing cooperation in various areas of the industry.
A key outcome of the forum was the signing of a memorandum of understanding between the Korean Semiconductor Industry Association and the U.S. Semiconductor Industry Association. This agreement will hold the forum regularly and support business partnerships in emerging sectors, including artificial intelligence. The collaboration is expected to strengthen the technological and economic ties between the two countries, ensuring a more resilient and innovative semiconductor supply chain.
Industry Minister Ahn emphasized South Korea’s plans to expand investment in global research and development projects and its efforts to support bilateral technology cooperation through the Global Industrial Technology Cooperation Centers. Additionally, Ahn announced plans to promote exchanges of experts with advanced degrees to address the workforce shortage in the chip industry, further bolstering South Korea’s competitive edge in the global semiconductor market.
The Korea Semiconductor Industry Association and the U.S. Semiconductor Industry Association have signed a memorandum of understanding to regularly hold the US-Korea Supply Chain and Commercial Dialogue Semiconductor Forum.
The Ministry of Trade, Industry, and Energy has launched technology cooperation centers at four prominent U.S. universities to expand bilateral ties in advanced tech industries. These Global Industrial Technology Cooperation Centers have been established at Yale University, Johns Hopkins University, Purdue University, and the Georgia Institute of Technology. This initiative aims to facilitate collaborative research and innovation between South Korean and American academic institutions.
These efforts are part of a broader strategy to secure semiconductor supply chains and maintain technological leadership. By supporting close cooperation with the U.S. and investing in education and research, South Korea aims to strengthen its position in the global semiconductor market, ensuring resilience and competitiveness in the face of increasing global demand for advanced semiconductor technologies.
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