Joint Ministry’s’Old Semiconductor Response Strategy’
Quick customs clearance and domestic development product certification support
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The government started to foster the automotive semiconductor industry. The intention is to reinforce industrial capabilities through domestic technology development at this opportunity while dealing with supply-demand disruptions in a situation where automotive semiconductors are experiencing a’shortage’ phenomenon due to a shortage of supply.
The Ministry of Trade, Industry and Energy and the Ministry of Science and ICT and related ministries jointly held the 6th Innovation Growth BIG 3 Promotion Meeting at the Seoul Gwanghwamun Government Complex in Seoul on the 10th and announced the’Short-term supply and demand response for vehicle semiconductors and strategies to strengthen industrial capacity’. In recent years, the domestic and foreign automakers are experiencing a production disruption due to a shortage of semiconductors for vehicles, which are major parts of automobiles.
In order to secure the quantity needed right away, the government has been supporting rapid customs clearance by minimizing the procedures for submitting documents and screening inspections when examining the import declaration of semiconductors for vehicles from the 17th of last month, and operating a 24-hour customs clearance support system. In addition, in order to increase the utilization of domestically developed vehicle semiconductors rather than imported products, an emergency system for performance evaluation is introduced to help cope with supply and demand and to commercialize vehicle semiconductors early.
In particular, with this shortage phenomenon, the company will start to promote the Korean automotive semiconductor business. The government will invest a total of 204.7 billion won by next year to develop core semiconductor technologies for future cars. In order to quickly commercialize automotive semiconductors, we will help semiconductor companies convert existing semiconductors such as communication and image sensors into vehicles, and support for existing R&D projects will be steadily expanded. In addition, it plans to spur R&D to preoccupy the early market for semiconductors based on new materials such as silicon carbide (SiC) and gallium nitride (GaN).
/Sejong = Reporter Yang-Joon Cho [email protected]
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