S. Korea, U.S. chip lobby groups discuss ties in technology, supply chain – Yonhap News Agency
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SEOUL, July 28 (Yonhap) — The semiconductor lobby groups of South Korea and the United States discussed ways to expand bilateral cooperation in technology research and maintaining a stable supply chain, Seoul’s industry ministry said Friday.
The U.S.-Korea Supply Chain and Commercial Dialogue Semiconductor Forum, held in Washington, was organized following an agreement between the two countries in April last year to create an event to explore ways to expand ties in the sector, according to the Ministry of Trade, Industry and Energy.
During the event, Industry Minister Ahn Duk-geun and U.S. Commerce Secretary Gina Raimondo, as well as officials from leading chipmakers, including Samsung Electronics Co., SK hynix Inc., Intel Corp. and IBM Corp., shared ideas on expanding cooperation in different areas of the industry.
The Korea Semiconductor Industry Association and the U.S. Semiconductor Industry Association also signed a memorandum of understanding to hold the forum regularly and seek business partnerships in emerging sectors, including artificial intelligence.
“South Korea plans to expand investment in global research and development projects, and support bilateral technology cooperation through the Global Industrial Technology Cooperation Centers,” Ahn said.
Ahn added that the country will also promote exchanges of experts with master’s or doctoral degrees to address the workforce shortage in the chip industry.
South Korean Industry Minister Ahn Duk-geun (R), U.S. Commerce Secretary Gina Raimondo (C) and Japanese Industry Minister Ken Saito pose for a photo in Washington on June 26, 2024, in this photo released by the Ministry of Trade, Industry and Energy. (PHOTO NOT FOR SALE) (Yonhap)
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