South Korea aims to bolster local chip production with $19 billion of support – Engadget
South Korea is the latest country to support its local semiconductor industry in a significant fashion. It’s trying to stay competitive with the likes of the US, China and Taiwan with the help of a 26 trillion won ($19 billion) support package. The country will extend tax breaks that were set to expire at the end of this year and provide financial support to chipmakers through the state-run Korea Development Bank, as The Wall Street Journal reports.
Amid large demand for chips to power AI systems and other computing needs, South Korea saw exports of semiconductors rise 56 percent in April compared with a year earlier. That’s despite fierce competition from the likes of Intel and Taiwan Semiconductor Manufacturing Co. (TMSC). SK Hynix said it would bolster its AI chip manufacturing capacity in South Korea with an extra $14.6 billion investment, while Samsung replaced the leader of its semiconductor division to try and become more competitive.
South Korea’s moves could help it keep pace with the US, which has been trying to ramp up domestic chip production to reduce its reliance on imports. Through the CHIPS Act, the US is subsidizing manufacturers such as Intel, GlobalFoundreies and TMSC. As it happens, one of the largest recipients of a CHIPS Act subsidy is Samsung, which is receiving up to $6.4 billion in federal funding for a new semiconductor plant in Texas.
The nonprofit organization has announced that it's currently in its "third day of warding off an intermittent DDoS cyber-attack."
“[The] board was not informed in advance of that,” Toner said on Tuesday on a podcast called The Ted AI Show. “We learned about ChatGPT on Twitter.”
Job Simulator and Vacation Simulator have been released for the Apple Vision Pro. This is a version developed specifically for the platform with optimized hand-and-eye tracking.
TikTok will face off with the Justice Department this fall in its bid to stop a law that could lead to a ban of the app in the United States.
Ooni's largest pizza oven yet allows you to monitor food and ambient temps from your phone. It's now available for pre-order and ships in July.
Apple's M3-powered MacBook Air laptops are up to $150 off right now. This brings the price of the 15-inch model down to $1,150, thanks to a discount and a clippable coupon.
Apple has scheduled the WWDC keynote for June 10, which should provide updates on various software updates. The 35th annual Worldwide Developers Conference goes until June 14.
OpenAI has created a new Safety and Security Committee less than two weeks after the company dissolved the team tasked with protecting humanity from AI’s existential threats. This latest iteration will include two board members and CEO Sam Altman.
Lego just announced the very first playset inspired by The Legend of Zelda. It’s a team up with Nintendo and costs $300.
The new M2 iPad Air is on sale already, and some models are available for record-low prices.
T-Mobile will acquire most of US Cellular in a $4.4 billion deal. The company hopes to use the acquisition to provide better coverage in rural areas.
Microsoft has confirmed that Call of Duty: Black Ops 6 will be available on Game Pass on its release day later this year. More details about the game will be revealed on June 9.
A new deal has dropped the 10th-gen Apple iPad down to $300, which is the lowest price we've seen for the entry-level tablet.
Sony has revealed that PS VR2 games will soon be available through a PlayStation Plus plan for the first time. The company also revealed that the major Days of Play sale will start on May 29.
A play on the Japanese mimetic word for “squishy” (punipuni), Punirunes has a design quirk that sets it apart from other gadgets of its ilk: a doughy button at the center of the device that serves to simulate physical contact with your pet.
Google has a host of new AI-powered features coming to its Chromebook Plus models.
Google announced a host of new AI features for Chromebooks, and Acer, ASUS and HP have new models to showcase them.
Opera ha teamed up with Google to integrate its Gemini AI models into its Aria AI browser assistant.
The biggest news stories this morning: The Dragon Quest 3 HD-2D remake is coming to Switch, Xbox Series X/S, PS5 and PC, Apple’s 16-inch MacBook Pro M3 Max is $250 off, Are breadmakers better than making bread by hand?
Here's a list of the best microSD cards you can buy, as chosen by Engadget editors.
Subscribe to our two newsletters:
– A weekly roundup of our favorite tech deals
– A daily dose of the news you need
Please enter a valid email address
Please select a newsletter
By subscribing, you are agreeing to Engadget's Terms and Privacy Policy.