'Fabless startups', which are the core of system semiconductors, requested expanded support, including support for design assets and cooperation with demand companies such as large corporations.

Minister of SMEs and Startups Oh Young-joo held a discussion at the Seoul Creative Economy Innovation Center on the 13th with the attendance of the president of the Korea Fabless Industry Association, representatives of fabless startups, and professors from the Seoul National University System Semiconductor Industry Promotion Center, and listened to various opinions from the field.

This meeting was organized to discuss policy measures to support fabless startups, a key sector of the system semiconductor industry that plays a critical role in the semiconductor industry, where an all-out war is unfolding between nations.

The event began with expert presentations on recent domestic and international fabless industry trends and key issues, followed by listening to suggestions and answers from fabless startup representatives, and discussing the direction of policy support for fabless startups.

The fabless startup representatives who attended the meeting requested support for design assets (EDA Tools, IP), securing semiconductor design experts, support for collaborative commercialization between large companies and fabless startups, and expansion of support for prototype manufacturing processes (MPW), depending on the stage of corporate growth.>
Minister Oh Young-joo said, “The fabless sector, which is in charge of design in the system semiconductor value chain, is a key sector that serves as the brain of the ecosystem and is very important for securing the nation’s future food supply.” He added, “The Ministry of SMEs and Startups will reflect opinions from the field in its policies and do its best to provide support so that fabless startups can enter the global market and grow into unicorns and so that the system semiconductor ecosystem can develop.”