You are currently viewing S. Korea aims to develop 50 AI chips by 2030

S. Korea aims to develop 50 AI chips by 2030

SEOUL: South Korea targets to develop up to 50 types of artificial intelligence-focused system semiconductors by 2030, the ICT ministry said Monday, as the country strives to take a leading position in the semiconductor sector beyond its traditional foothold in memory chips.

AI chips refer to high performance and power efficient semiconductors that specialize in AI services.

Early this year, South Korea placed big bets on developing the next-generation chips with a plan to spend around 1 trillion won (US$871 million) until 2029.

The ICT ministry said it plans to acquire homegrown technology to develop such chips by 2022, while fostering 3,000 experts in the sector over the next 10 years.

Under the state-led plan, the country aims to capture 20 percent of the global AI chip market by 2030.

The ministry said it plans to utilize 70 billion won from the local semiconductor fund, formed last year, to help AI chip companies in research and development as well as mergers and acquisitions.

The country’s move to nurture the AI chip sector comes as it seeks a new growth engine in the semiconductor industry.

The AI chip market is expected to grow rapidly, reaching US$117.9 billion by 2030, compared with $18.5 billion this year, according to the Korea Information Society Development Institute.

New AI services, such as self-driving cars, are expected to help propel the sector.

South Korea holds a tight grip over the global DRAM memory chip market. Samsung Electronics Co. and SK hynix Inc., the two major chipmakers, held a combined 73.6 percent of the market in the second quarter this year.

But the market is expected to decline by 0.5 percent annually until 2024, according to market tracker Gartner.

Samsung said in July that it would hire 1,000 new experts for chip design and artificial intelligence by the end of this year. | YouTube Channel

M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.