South Korea to create $3.5b chip fund for semiconductor materials and hubs

South Korea has earmarked 5 trillion won, equaling $3.52 billion, for a fund designated to develop chip materials, components and small design firms. This development was announced by presidential chief of staff Kang Hoon-sik on Monday, in a bid to cut the country’s reliance on foreign suppliers that feed its world-leading chip manufacturers. $3.5 billion...