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[NEWS-INDEPTH] Impact of U.S. CHIPS and Science Act on global chipmakers Updated: 2022-08-18 17:21:48 KST

The global race for technological competitiveness seems to be heating up, especially in the semiconductor industry.
Last week, U.S. President Joe Biden signed into law a bill to invest billions of dollars in the domestic semiconductor sector, largely aimed at reining in the rise of China.
How will this impact Korean chipmakers and the global market?
For more, Professor Cho SeongHwan from KAIST joins us live.
Professor Cho, welcome.

1. What are key takeaways of the CHIPs and Science Act?

2. There seem to be both positive and negative sides. What sort of impact will this act have on Korean chipmakers, like Samsung Electronics?
Also, will it have any sort of impact on the global semiconductor market?

3. Earlier this year, South Korean lawmakers also made a law to support chips, batteries and other technologies deemed strategically important, and it already went into effect. How is this Korean law similar to or different from the U.S. law?

4. The Korean government wants to boost Korea's high-tech workforce, particularly in the semiconductor sector. What do you make of it, as someone who's actually teaching students and raising the future workforce?

5. Chip sales reportedly saw a fall in June for the first time in more than four decades. What are your market expectations?

6. How can South Korean chipmakers brace themselves for a possible shift in demand?

Dr. Cho SeongHwan, Professor of Semiconductor System Engineering at KAIST. Thank you for your insights.
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