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South Korea pushes for AI semiconductors as global demand grows – TechCrunch

The South Korean authorities has made no secret of its ambition to be a key participant within the international synthetic intelligence trade, together with making the semiconductors powering AI functionalities.

This week, the nation’s data and communications know-how regulator introduced plans to develop as much as 50 sorts of AI -focused system semiconductors by 2030, Yonhap Information Company reported. The federal government might be on the hunt for hundreds of native specialists to guide the brand new wave of innovation.

South Korean has made a number of guarantees to assist next-generation chip firms in latest occasions. Earlier this 12 months, for instance, it introduced plans to spend about 1 trillion won ($870 million) on AI chips commercialization and manufacturing earlier than 2029. Final 12 months, President Moon Jae-in announced his “Presidential Initiative for AI” to boost public consciousness on the trade.

These efforts come amid rising demand for AI-related chips, which, by McKinsey estimates, may account for nearly 20% of all semiconductor demand and generate about $67 billion in income by 2025.

South Korea is already dwelling to 2 of the world’s largest reminiscence chip makers — Samsung and SK hynix. Whereas that’s a profitable trade, it’s one relying extra on “the manufacturing course of quite than core applied sciences,” noticed Seewan Toong, an unbiased IT trade professional.

“It’s about making the chip smaller, denser, extra environment friendly, and placing extra reminiscence on one chip,” he added.

The nation desires to make its semiconductors smarter and vow to personal 20% of the worldwide AI chip market by 2030, in keeping with Yonhap.

Samsung dabbled in next-gen chips because it grew to become the mass-production partner for Baidu’s AI chips late final 12 months. In July, the conglomerate announced hiring 1,000 new employees to work on chips and AI. SK hynix has picked its personal Chinese language ally by backing Horizon Robotics, an AI chip designer last valued at $3 billion.

China, which has lengthy centered on the applying of AI quite than basic analysis, has equally shelled out state funds for home-grown semiconductor firms because the nation suffers from U.S. sanctions on core applied sciences. The query is what number of startups, below state assist, will survive to compete with international behemoths like Nvidia and Qualcomm.

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Rita Liao