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Technology Stocks : Wolf speed

WOLF 17.96

-6.4%

Jan 23 9:30 AM EST

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To: unclewest who wrote (2532)	3/29/2000 6:10:00 PM
From: Jdaasoc	Read Replies (2) of 10714

Koreans getting into SiC. john eetimes.com Korea moves to lessen industry dependence on memory By Yoonhee Park EE Times (03/29/00, 2:32 p.m. EST) SEOUL, South Korea ? A panel of South Korean government officials and industry executives will recommend ways for Korean companies to reduce dependence on the memory business and expand into other areas, such as design technology. The Semiconductor Industry Development Committee was created by the government's Ministry of Commerce, Industry and Energy, which sponsored a conference on policies for "strengthening the competitive power of the semiconductor industry." The agency plans to establish specialized technology companies funded through foreign capital and Korean investors. The committee will work out the details of the funding plan to create new companies and to give existing high-tech companies a shot in the arm. A "System IC Special Investment Association" will be established later this year. The group will use $22.3 million to boost small and venture foundry businesses specializing in semiconductor design. By 2004, $84.1 million will be invested in system IC design technology and $192 million will be earmarked over three years for research on GaN and SiC technologies. "We will concentrate on the business of developing system IC-based technology and boost [the] nonmemory sector up to 60 percent of the whole domestic semiconductor production and over 13 percent in the market share," the Ministry of Commerce, Industry and Energy said. South Korea's semiconductor foundries, struggling to recover from the Asian financial crisis, have been hit hard by declining DRAM prices and competition from Taiwanese foundries.

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