Developments in the tech industry
Macro outlook. South Korea plans to invest KRW125 billion ($US114 million) towards the development of artificial intelligence chips.
Industry outlook. The World Semiconductor Trade Statistics organisation forecasts the global semiconductor market will grow 8.4 per cent year-on-year in 2021 following an estimated 5.1 per cent growth in 2020. A shortage of semiconductor components is impacting not only China’s auto industry but also carmakers worldwide, including Volkswagen, Honda, and Fiat Chrysler, according to media reports.
Corporate activity. Taiwan Semiconductor Manufacturing Co (TSMC) is planning to build an advanced packaging facility in Tokyo, in a joint venture with Japan’s trade ministry. Intel is in discussions with Samsung and TSMC to outsource some of its semiconductor chips production.