According to south Korean media reported that South Korea will set up a 300 billion won (us $230 million) worth of funds, through strengthening the logic chip industry and related materials, spare parts to ensure the stability of the chip industry value chain.

Reported that samsung electronics and SK hynix commitment in total investment of 75 billion won, South Korea development bank, Korea development bank and other several entities will provide 75 billion won for mother fund and policy financing. The remaining 150 billion won will come from private investors.

The fund no fabs specifically designed to support the company as well as the chip industry materials, components and equipment manufacturers, to strengthen the industry's overall "ecosystem", because they are downward cycle in the industry and the recent met difficulties in financing process.

South Korea launched a $240 billion in 2017 won the funds to stimulate the industry growth, and in 2020 launched another fund worth 120 billion won, the two funds is expected to run out in the next year or so.

Semiconductor industry is South Korea's economic backbone, inspired by deregulation, the government promised to invest and develop talent, to fully support the industry.

Earlier this year, South Korea's national assembly passed the version of the "special tax limit method", also known as the K - one law, the focus is to expand chip maker's tax credit rate.