South Korea to invest $22.3M in memory chip research

South Korea to invest $22.3M in memory chip research

Summary: The Ministry of Trade, Industry and Energy, along with six private companies will jointly invest in memory chip research and development projects by universities or independent institutes over the next five years.

South Korean government and six private firms signed a joint agreement to invest in memory chips R&D projects.

The South Korean government and six private companies will jointly invest in research and development (R&D) of new technologies by a third party.

The agreement was signed on Thursday between the Ministry of Trade, Industry and Energy, and six private firms, including the world's largest memory chipmaker Samsung Electronics and SK Hynix, Yonhap News reported on Thursday.

Under the agreement, the government and the six companies will jointly invest 25 billion won (US$22.27 million) over the next five years in R&D projects by universities or other independent institutes to develop new materials or technology for memory chips.

The intellectual property (IP) rights of any new technology or product developed will also belong to its developers, and the investing firms will benefit from the use of new advanced technologies to be developed, the ministry said.

The program will also be the first of its kind since previous arrangements for joint R&D mostly revolved around government support for R&D activities by firms themselves.

According to the ministry, South Korea currently supplies nearly half of the world's memory chips, but its share in the market for all semiconductors remains at around 14 to 15 percent.

Topics: Hardware, Government Asia, Patents, Tech Industry, Korea

Ellyne Phneah

About Ellyne Phneah

Elly grew up on the adrenaline of crime fiction and it spurred her interest in cybercrime, privacy and the terror on the dark side of IT. At ZDNet Asia, she has made it her mission to warn readers of upcoming security threats, while also covering other tech issues.

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  • South Korea to invest $22.3M in memory chip research

    this is tax dollars working for all to benefit. arpa/darpa used to spearhead the tech wonders of the early computing era in the us. the japanese had the miti, the chinese have their version as well, and now the south korean ministry of trade is following suit. i hope that people realize that their tax dollars are the ones pushing the technology envelope and not privately funded research. as always, no private billions will be spent on research where no roi is in sight. from high tech ibm reaearch to drugs research, the long arm of your tax dollars is at work to give wonders in return to your sacrifices.
    • There's plenty of roi in sight and plenty of private research.

      And any tax payer funded research should result in the patents being owned by the tax payers.
      Johnny Vegas
      • South Korea to invest $22.3M in memory chip research

        large so-called 'private research' are either fully funded or highly subsidized by your tax dollars. ibm supercomputing initiatives since day one were/are fully funded by federal grants, and whatever private contributions they made are deducted from their taxes. boeing's commercial division will not survive without the military contracts courtesy of your tax dollars, and the technology content therein are all derivatives of military advances again courtesy of your tax dollars. etc., etc. the product of all successful federally funded research, are getting channeled/licensed to us companies for them to produce and market, since the government is nothing but, incompetent in management and marketing (perhaps because of too much bureaucracy) ...
  • US corporates spend same amount ... in lawsuits

    to finally lead to nothing useful.
    • South Korea to invest $22.3M in memory chip research

      i hope that they will innovate instead... they should have learned from the sco debacle, but it seems that most of them had run out of steam and prefer to litigate than to innovate. wonder if a new kid in town will step up to the plate and take charge, because even the vaunted 'hp way' did lost its way... we need young turks the likes of woz, jobs, gates, to lead the way! sorry for those unnamed heroes, just don't know all their names, really.