HomePress ReleaseEIN PresswirePangyo Techno Valley's Goal aims to become the Korean Equivalent to IMEC

Pangyo Techno Valley’s Goal aims to become the Korean Equivalent to IMEC

View of Pangyo Techno Valley

On June 27, Governor Kim Dong-yeon announced that he would make efforts to create a fabless cluster in the 3rd Pangyo Techno Valley.

On June 27, Governor Kim Dong-yeon introduced that he would make efforts to create a fabless cluster in the third Pangyo Techno Valley.

Pangyo Semiconductor Cluster

Pangyo Semiconductor Cluster

Pangyo Techno Valley’s purpose is to become a Platform for the Development of the Semiconductor Business.

PANGYO, SOUTH KOREA, July 7, 2023/ — In collaboration with Samsung Electronics, the Ministry of SMEs and Startups will orchestrate the “2023 Fabless Problem Contest” to nurture start-ups specializing in fabless semiconductors and foster a supportive surroundings for them.

Pangyo Techno Valley established a cluster in 2022 to assist fabless companies to create a good ecosystem for the semiconductor trade and preserve Korea’s main place in the international area.

In 2022, the authorities introduced the “Technique to Obtain Semiconductor Superpower,” Gyeonggi-do adopted go well with with plans to create a semiconductor trade cluster. Gyeonggi Governor Kim Dong-yeon pledged to “domesticate future new development industries,” together with semiconductors, future automobiles, and bio industries. As a part of this initiative, he introduced plans to assemble a semiconductor trade platform in the 2nd and third Pangyo Techno Valley.

With a mission value of KRW 1.37 trillion, Gyeonggi-do allotted about 33,000m2 of land, part of the complete 583,000m2 space of the third Pangyo Techno Valley, as a devoted semiconductor house. As well as, the 2nd Pangyo Techno Valley Enterprise Heart, the largest complicated information trade middle in Pangyo, engages in actions with abroad industrial clusters and helps the abroad enlargement of the startups. Gyeonggi-do additionally designated about 16,000m2 of the complete space of 95,000m2 house for semiconductor-related corporations.

The federal government and the Korea Semiconductor Business Affiliation are cooperating with Samsung Electronics, SK Hynix, Dongjin Semichem, and Silicon Mitus to create a Korean model of IMEC. In response, the Korea Semiconductor Affiliation inaugurated the Semiconductor Academy in the 2nd Pangyo Techno Valley in December 2022. They held their first initiation ceremony on June 26 this yr, aiming to practice 3,600 professionals over the subsequent 5 years. To this finish, giant firms comparable to Samsung and SK Hynix donated gear, and the authorities helps organizations by way of tax credit.

Established in 1984, IMEC is Europe’s largest non-profit semiconductor analysis middle. IMEC is collaborating with international corporations whereas researching the total course of, from design to course of to manufacturing.

In Pangyo Techno Valley, there are 60 fabless corporations of varied sizes, together with Soulbrain Holdings, Gaon Chips, YIK Co., Ltd., DeepX, and BOS Semiconductor, which acquired an funding from Hyundai Motor Firm in June. There are additionally about 50 gear corporations. As well as, neighboring areas comparable to Giheung and Hwaseong, the place Samsung Electronics’ semiconductor division is situated, and Icheon, the place SK Hynix relies, are creating an ecosystem.

As well as, main universities in Suwon, comparable to Seoul Nationwide College’s Graduate Faculty of Convergence Science and Know-how, Dankook College’s Jukjeon Campus, Kyunghee College’s Giheung Campus, and Sungkyunkwan College’s Suwon Campus, proceed to foster expertise.

As the Ministry of SMEs and Startups and the central authorities actively assist the fabless semiconductor trade to safe competitiveness in the system semiconductor area, Korea’s semiconductor trade centered on Pangyo Techno Valley is anticipated to stand out in the international market.

Vallabh Rao
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