South Korea Plans to Achieve 20% Self-Sufficiency in SiC Semiconductor Technology by 2030
The South Korean government has set a goal to increase the self-sufficiency rate of silicon carbide (SiC) power semiconductor technology, applicable to advanced industries such as electric vehicles and data centers, to 20% by 2030.
On September 10, the South Korean Ministry of Economy and Finance held a “Growth Strategy Special Task Force and Ministerial Meeting on Strengthening Industrial Competitiveness” at the Seoul government office building. During the meeting, the South Korean government decided to prioritize the development of four projects in the national strategic advanced materials and components sector (SiC power semiconductors, LNG storage tanks, graphene, and special carbon steel) and one project in the K-boom up sector (K-food).
The South Korean government plans to increase the self-sufficiency rate of SiC power semiconductor technology from the current 10% to 20% by 2030. To achieve this goal, the government will actively support the development of core technologies across the entire supply chain of SiC power semiconductors, from materials to devices to modules, and cultivate specialized talent in power semiconductors. SiC semiconductors are a new generation of semiconductors used in future advanced industries such as electric vehicles, renewable energy, and aerospace. The global market size is expected to grow from $3.4 billion in 2024 to $10.3 billion by 2030, with an average annual growth rate of 20%.
In addition, the South Korean government will also actively support the technological development of graphene, known as the “dream material.” Although South Korea has invested heavily and obtained original technology, it has only provided prototypes in certain areas such as display heat dissipation materials and is still in the early stages of commercialization. The government plans to actively support the development of commercialization technologies for graphene and to carry out collaborative projects between supply and demand enterprises to achieve technological results.
*Disclaimer: The above information is sourced from public channels. If there are any objections, please contact the Integrated Circuit Materials Innovation Consortium, and we will address it promptly.
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