(Song Eui-dal, edsong@chosun.com )
The Ministry of Commerce, Industry and Energy (MOCIE) has decided to create a W1 trillion fund for research and development (R&D), in order to achieve US$50 billion in semiconductor exports by 2010 and to raise the country¡¯s share of the global chip market to 15 percent, the third largest in the world.
The ministry unveiled its plan to develop next-generation semiconductor products in a forum held on Tuesday.
According to the plan, the ministry is going to spend W582.5 billion on various projects to develop chip technologies, and W469.2 billion to improve the infrastructure for chip technology development for five years, starting next year.
The technological development fund is to be divided among 14 projects, including System-on-Chip, Nano processing, and the development of next-generation chips.
An official of the ministry said that on the R&D fund injection, the country is likely to attain a dominant 35 percent share of the global memory-chip market, thus solidifying its global leadership for the memory-chip industry and expanding the ratio of non-memory chips to the total chip exports for the nation from 17 percent last year to 40 percent in 2010.
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