S Korea to develop 50 types AI chips by 2030
By MYBRANDBOOK
According to the ICT ministry, South Korea targets to develop up to 50 types of artificial intelligence-focused system semiconductors by 2030, 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. Earlier, South Korea placed big bets on developing the next-generation chips with a plan to spend around $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 utilise 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.
According to the Korea Information Society Development Institute, the AI chip market is expected to grow rapidly, reaching US$117.9 billion by 2030, compared with $18.5 billion this year.
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Paytm brings UPI Lite Wallet for low-value transactions
Paytm’s parent company One97 Communications (OCL) is emphasizing upon UP...
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
SAMSUNG INDIA ELECTRONICS PVT. LTD.
FRESHWORKS TECHNOLOGIES PVT. LTD.
DRUVA SOFTWARE PVT. LTD.
ZOHO CORPORATION PVT. LTD.
Technology Icons Of India 2023: Sridhar Vembu
Sridhar Vembu is an Indian billionaire business magnate and the Founde...
Technology Icons Of India 2023: Rajendra Singh Pawar
Rajendra Singh Pawar is an entrepreneur and businessperson who founded...
Technology Icons Of India 2023: Kumar Mangalam Birla
Aditya Birla Group chairman Kumar Mangalam Birla’s return to Vodafon...
PGCIL transforming India with its wide power transmission network
Engaged in power transmission, POWERGRID or PGCIL is a stated owned In...
STPI encouraging software exports from India
Software Technology Parks of India (STPI) is an S&T organization under...
GSTN aims to integrate indirect tax ecosystem on a shared IT infrastructure
Goods and Services Tax Network (GSTN) has built Indirect Taxation plat...
SUPERTRON ELECTRONICS PVT. LTD.
Supertron deals in servers, laptops, components, accessories and is a...
INFLOW TECHNOLOGIES PVT. LTD.
Inflow Technologies is a niche player in the IT Infrastructure Distrib...
IVALUE INFOSOLUTIONS PVT. LTD.
: iValue Info Solutions is a value added distributor, provides solutio...