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South Korea's government is chipping in a lot of money to invest in a

semiconductor industry.

Hello, I'm Leanna Byrne, and thanks for tuning in to the Marketplace Morning Report

and we're live from the BBC World Service.

Good morning.

South Korea is gearing up to help its chip industry with a big support package worth

over seven billion dollars.

The BBC Sir and Jano Tawari is in Singapore and has the details.

Hello.

Hi there.

So, Jana, just tell me all about this support package for South Korea's chip industry.

It's readying plans for a support package for chip investments and research and it's going to be worth 7.3 billion US dollars.

It's thought that the money could be used to target chip materials, equipment makers, and fabless companies throughout the semiconductor supply chain.

And this comes after South Korea's president, Eun-Suk-Uwel, said that he's vowed to pour all possible resources into winning

the war in chips and promising tax benefits for investments.

When you say war, who's at the receiving end of that, who's the target?

The one relationship that we know there is a bit of a war is the US and China, and chips

have become a really big part of that dispute between them.

The US says that it relies too much on the ecosystem here in Asia and so is investing subsidizing companies, foreign

...