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South Korea announces over $23 billion for chip sector as Trump tariffs on semiconductor imports loom - TL;DR CNBC

South Korea announces over $23 billion for chip sector as Trump tariffs on semiconductor imports loom

Publishing timestamp: 2025-04-15 01:40:31


Summary

South Korea announced a $23.25 billion support package for its semiconductor industry in response to heightened uncertainty over U.S. tariffs. The government will subsidize construction of power transmission lines, increase funding for infrastructure, and offer low-interest loans to semiconductor companies. The move is seen as a positive effort to boost the semiconductor industry and maintain market share.


Sentiment: POSITIVE

Tickers: .KS11

Keywords: asia economybusiness newsbreaking news: technologytechnologykospi index

Source: https://www.cnbc.com/2025/04/15/south-korea-announces-over-23-billion-for-chip-sector-as-trump-tariffs-on-semiconductor-imports-loom-.html


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