The South Korean government has fixed no secret of its ambition to be a key player in the world artificial intelligence industry, including take the semiconductors powering AI functionalities.
This week, the country’s information and communication technologies regulator announced plans to develop up to 50 types of AI-focused structure semiconductors by 2030, Yonhap News Agency reported. The government will be on the hunt for thousands of local experts to lead the new wave of innovation.
South Korean has performed various promises to support next-generation chip companionships in recent times. The beginning of this year, for example, it announced his intention to waste about 1 trillion won ($ 870 million ) on AI microchips commercialization and product before 2029. Last-place year, President Moon Jae-in announced his” Presidential Initiative for AI” to raise public awareness on the industry.
These efforts come amid originating demand for AI-related microchips, which, by McKinsey estimations, could account for virtually 20% of all semiconductor requirement and generate about $ 67 billion in receipt by 2025.
South Korea is already home to two of the world’s largest storage chipping creators — Samsung and SK hynix. While that’s a lucrative manufacture, it’s one rely more on” the manufacturing process rather than core engineerings ,” studied Seewan Toong, an independent IT industry expert.
” It’s about forming the chip smaller, denser, more effective, and putting more memory on one chip ,” he added.
The country wants to make its semiconductors smarter and vow to own 20% of the global AI chip market by 2030, according to Yonhap.
Samsung dipped in next-gen microchips as it became the mass-production partner for Baidu’s AI chips sometime last year. In July, the corporation announced hiring 1,000 new staff to work on chippings and AI. SK hynix has picked its own Chinese ally by patronage Horizon Robotics, an AI chip designer last valued at$ 3 billion.
China, which has long focused on the application of AI rather than fundamental research, has similarly shelled out mood funds for home-grown semiconductor fellowships as the country suffers from U.S. sanctions on core engineerings. The question is how many startups, under nation funding, will endure to compete with global behemoths like Nvidia and Qualcomm.
” This is a really smart move by South Korea, ” said Albert Liu, chief executive of Kneron, a well-financed edge AI startup backed by Alibaba, Li Ka-shing’s Horizons Ventures and Qualcomm.
“Emerging participates have a huge opportunity because the market itself is a huge opportunity, as everything from a Tesla to a toaster will need an fringe AI chip over the next few years. 5G, AI and IoT is coming of age, and enabling the technology ecosystem that will improve our lives in a secure and private behaviour .”
The story is updated on October 13 with professional comment.
Read more: feedproxy.google.com