South Korea’s President Yoon Suk Yeol announced on Tuesday that the country will invest 9.4 trillion won ($6.94 billion) in artificial intelligence by 2027. This investment is part of South Korea’s efforts to maintain its leading position in cutting-edge semiconductor chips. In addition, a separate 1.4 trillion won fund will be allocated to foster AI semiconductor firms.
Semiconductors play a crucial role in South Korea’s export-driven economy. In fact, chip exports reached their highest level in 21 months, amounting to $11.7 billion in March alone. This accounted for nearly a fifth of the total exports shipped by Asia’s fourth-largest economy.
President Yoon emphasized the intense competition in the semiconductor industry, describing it as an “industrial war” and a battle between nations. To strengthen its position, South Korea plans to expand research and development in AI chips, particularly in artificial neural processing units (NPUs) and next-generation high-bandwidth memory chips.
Moreover, the South Korean government aims to promote the development of next-generation artificial general intelligence (AGI) and safety technologies that surpass existing models. President Yoon has set an ambitious goal for South Korea to become one of the top three countries in AI technology, including chips, and capture a 10% or more share of the global system semiconductor market by 2030.
President Yoon expressed his confidence in South Korea’s potential, stating, “Just as we have dominated the world with memory chips for the past 30 years, we will write a new semiconductor myth with AI chips in the next 30 years.”
Regarding the recent earthquake in Taiwan, a global leader in semiconductors, President Yoon noted that the impact on South Korean companies has been limited thus far. However, he stressed the importance of thorough preparation for any potential uncertainties in the future.
This significant investment in AI technology highlights South Korea’s determination to remain at the forefront of semiconductor innovation. By focusing on AI chips and expanding research and development, South Korea aims to secure its position as a global leader in the industry.
FAQs
What are semiconductors?
Semiconductors are electronic components that have properties between conductors and insulators. They are crucial for the functioning of various electronic devices.
What is artificial intelligence (AI)?
Artificial intelligence refers to the development of computer systems that can perform tasks that typically require human intelligence, such as learning, problem-solving, and decision-making.
What are artificial neural processing units (NPUs)?
Artificial neural processing units (NPUs) are specialized chips designed to perform AI tasks efficiently. They mimic the structure and functionality of the human brain’s neural networks.
What is artificial general intelligence (AGI)?
Artificial general intelligence (AGI) aims to create intelligent machines that possess the ability to understand, learn, and apply knowledge across various domains, similar to human intelligence.
Sources:
– [ETTelecom](https://www.ettelecom.com/news/south-korea-to-spend-69-billion-on-artificial-intelligence-chips-by-2027-99592)
South Korea’s investment of 9.4 trillion won ($6.94 billion) in artificial intelligence (AI) by 2027 is a significant move to maintain its leading position in the semiconductor industry. The country has long relied on semiconductor exports to drive its economy, and chip exports reached a 21-month high of $11.7 billion in March alone. To stay ahead in this competitive industry, South Korea plans to focus on AI chips and expand research and development in areas such as artificial neural processing units (NPUs) and next-generation high-bandwidth memory chips.
The South Korean government is also looking to develop next-generation artificial general intelligence (AGI) and safety technologies that surpass existing models. President Yoon Suk Yeol has set an ambitious goal for South Korea to become one of the top three countries in AI technology, including chips, and to capture a 10% or more share of the global system semiconductor market by 2030.
It’s worth noting that South Korea’s investment in AI technology comes at a time when Taiwan, a global leader in semiconductors, recently experienced an earthquake. President Yoon acknowledged the potential impact on South Korean companies but expressed confidence in the industry’s resilience and stressed the importance of thorough preparation for any future uncertainties.
This investment underscores South Korea’s determination to remain at the forefront of semiconductor innovation. By focusing on AI chips and expanding research and development, the country aims to secure its position as a global leader in the industry.
For more information, you can refer to the source article on [ETTelecom](https://www.ettelecom.com/news/south-korea-to-spend-69-billion-on-artificial-intelligence-chips-by-2027-99592).
What are semiconductors?
Semiconductors are electronic components that have properties between conductors and insulators. They play a crucial role in the functioning of various electronic devices.
What is artificial intelligence (AI)?
Artificial intelligence refers to the development of computer systems that can perform tasks that typically require human intelligence, such as learning, problem-solving, and decision-making.
What are artificial neural processing units (NPUs)?
Artificial neural processing units (NPUs) are specialized chips designed to efficiently perform AI tasks. They mimic the structure and functionality of the neural networks in the human brain.
What is artificial general intelligence (AGI)?
Artificial general intelligence (AGI) aims to create intelligent machines that possess the ability to understand, learn, and apply knowledge across various domains, similar to human intelligence.
Sources: [ETTelecom](https://www.ettelecom.com/news/south-korea-to-spend-69-billion-on-artificial-intelligence-chips-by-2027-99592)
The source of the article is from the blog scimag.news