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Technology Stocks : Semi Equipment Analysis
SOXX 285.23-3.7%Dec 17 4:00 PM EST

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To: Return to Sender who wrote (86781)4/16/2021 11:59:30 PM
From: Sam3 Recommendations

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Return to Sender
Sr K
The Ox

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IMHO, this is nuts. Didn't these guys learn anything from the period between 1995 and 2010?!

Seoul to axe taxes for chipmakers and increase budget for auto chip production
2021.04.16 14:28:18 | 2021.04.16 14:28:48

The South Korean government joined others fighting to uphold semiconductor supremacy or sovereignty amid chip shortage in the age of automation, digitalization and electrification.

The Ministry of Trade, Industry and Energy on Thursday briefed President Moon Jae-in on a package of stimuli measures to back the chip segment responsible for 20 percent of the country’s exports.

It will separately unveil outline to back EV battery business within the first half.

The meeting was attended by business executives including Lee Jung-bae, chief of memory business at Samsung Electronics, and Lee Seok-hee, chief executive of SK hynix. It is the first time for Moon to call for the meeting after December 2019. It is also considered rare for executives, not from business lobby groups, to participate in person.

continues at pulsenews.co.kr
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