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South Korea mulls creating 'KSMC' contract chipmaker to compete with TSMC, requires a $13.9 billion investment
Another government-funded chipmaker could emerge in Korea.
Smaller system semiconductor firms struggle to thrive as Korea lacks manufacturing diversity, as seen in Taiwan, where companies like UMC and PSMC that focus on mature and specialty nodes complement TSMC's advanced process technologies. According to the report, key challenges facing Korea's semiconductor industry include a widening technological gap with international competitors, insufficient investment attractiveness, weak growth in fabless companies, talent shortages, and restrictive regulations. Not everyone knows, but while Morris Chang helped found TSMC, he was invited to do so by Executive Yuan, the government of Taiwan, which recognized the potential of the semiconductor industry back in the 1980s and wanted to build it in the country.
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