EU Aims to Invest 210 Trillion Won in Semiconductor Firms like Samsung, SK Hynix

The European Union (EU) has announced its 'Chips Act 2.0,' planning to invest 120 billion euros (approximately 210 trillion won) by 2035. This is a follow-up legislative effort following an assessment that the initial bill's goals were not met, and it is being pursued as part of the Technology Sovereignty Package.

The new bill includes discussions for investing 30 billion euros (about 52 trillion won) in advanced AI semiconductor foundries and aims to shorten licensing procedures to a maximum of 12 months.

The EU has identified South Korean memory semiconductor firms such as Samsung Electronics and SK Hynix as key cooperation targets. A report by the Central European Asia Institute (CEIAS) in Slovakia pointed out the EU's lack of backend and advanced frontend manufacturing capacity, naming South Korea as a key partner for memory semiconductors, Japan for materials and equipment, and Taiwan as a leader in advanced foundries.