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South Korea launches $3.5 billion fund to develop semiconductor chip supply chain
Aug 10, 2026
< 1 min read
by Opeyemi Olanrewaju
for CryptoPolitan
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South Korea announced on Monday a 5 trillion won ($3.52 billion) fund, revealed by presidential chief of staff Kang Hoon-sik, to develop chip materials, components and small design firms to cut reliance on foreign suppliers for its world-leading chip manufacturers. The investment is expected to strengthen semiconductor supply chains that support crypto mining hardware and blockchain infrastructure, reducing supply-chain risk, aiding hardware-focused fundraising and potentially boosting crypto adoption and security.
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South Korea has earmarked 5 trillion won, equaling $3.52 billion, for a fund designated to develop chip materials, components and small design firms. This development was announced by presidential chief of staff Kang Hoon-sik on Monday, in a bid to cut the country’s reliance on foreign suppliers that feed its world-leading chip manufacturers. $3.5 billion...
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