Samsung Electronics President Song Jaehyeok: "Timely Semiconductor Investment Is Important"... Calls for Swift Government Support
Highlights proactive infrastructure and faster permitting
"The importance of advanced semiconductors is growing significantly"
"Technology comes from challenges and proactive investment"
Song Jaehyeok, chairman of the Korea Semiconductor Industry Association and president and chief technology officer (CTO) of Samsung Electronics, called for “proactive infrastructure development, faster permitting, and bold, swift policy support so companies can develop new technologies and invest at the right time.”
Speaking at the 19th Semiconductor Day event held on the 21st at Grand InterContinental Seoul Parnas in Gangnam, Seoul, Song said, “The most important thing for the semiconductor industry is making investments at the right time.”
“Major countries around the world are fiercely competing to develop semiconductors as strategic national industries,” he said, emphasizing that “the technologies that determine competitiveness are foundational technologies, and technology comes from constant challenges and proactive investment.”
“At a time when demand for AI (artificial intelligence) semiconductors is strong, new opportunities for South Korea through semiconductors are growing,” he said. “As the AI era takes hold, the importance of advanced semiconductors with high performance and high bandwidth is growing significantly.” Song said that “the technological capabilities and competitiveness our companies have built up over many years are once again drawing attention in the global market.”
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Song emphasized the need to continue investing in advanced manufacturing technologies, next-generation technology development, and the cultivation of outstanding talent, while strengthening the industry ecosystem. “I ask you to listen to voices from the field and provide continued attention and support so our companies can maintain their leading competitiveness in the global market,” he said. He added, “The association will also work to expand infrastructure and foster an ecosystem for cooperation between large and small and midsize companies.”
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