Semiconductor Industry Importance:

• Semiconductor Industry Importance: Semiconductors are crucial for modern electronics like TVs, smartphones, and cars. Their importance has grown with the advent of the Fourth Industrial Revolution and the US-China tech war.
• Global Semiconductor Policies: Major countries, including the US, EU, Japan, and China, are heavily investing in semiconductor industries to secure technological dominance. The US aims to become a leading producer of advanced semiconductors.
• AI and Semiconductor Growth: The rise of AI technologies is driving demand for AI semiconductors. The global AI semiconductor market is expected to grow significantly, with companies like NVIDIA currently dominating the market.
• Challenges for South Korea: South Korea needs to enhance its capabilities in non-memory semiconductors to remain competitive. The country faces challenges from China’s rapid growth in the semiconductor sector.