"Trump 2.0" deters the global? South Korea plans to increase support for chip companies and introduce $10 billion low-interest loans next year.
① South Korea plans to increase financial support for domestic chip manufacturers next year to address the challenges posed by the 'Trump 2.0' policy and competitors like China; ② The South Korean Ministry of Finance stated that low-interest loans will reach 14.3 trillion won (approximately 10.2 billion USD) next year to support new chip park enterprises and others.
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Mission accomplished for the missionaries! STMicroelectronics and Huahong reach a foundry cooperation agreement, planning to produce 40nm MCU domestically by the end of next year.
①STMicroelectronics announced a collaboration with Hua Hong Semi, planning to achieve the production of 40nm process MCU chips at Hua Hong's Wuxi factory by the end of 2025; ②STMicroelectronics CEO Jean-Marc Chery stated that STMicroelectronics is adopting the best practices and technologies learned in the Chinese market for use in Western markets, "The missionaries' story has come to an end."
Hong Kong stocks surged, Hua Hong Semiconductor (01347) rose more than 3%, the company responded that the cooperation plan with STMicroelectronics is true.
Hua Hong Semi (01347) surged over 3%, as of the time of writing, it has risen by 2.6%, trading at 21.7 Hong Kong dollars, with a transaction volume of 0.391 billion Hong Kong dollars.
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