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South Korea is preparing a more than 10 trillion won ($7.30 billion) package to support its chip industry, the country’s finance minister said on Sunday.
South Korean Finance Minister Choi Sang-mok said the government would announce details of the package soon, but added that it will target chip materials, equipment makers, and fabless companies throughout the semiconductor supply chain.
The program could include also offers of policy loans and the setting-up of a new fund financed by state and private financial institutions, Choi…