Huge Investment to be Made in Battery, Semiconductor, Display R&D

The Ministry of Science and ICT announced on April 6 that the private and public sectors would invest at least 160 trillion won (US$121 billion) until 2027 in battery, semiconductor and display R&D.

According to the government, the investment is divided into 156 trillion won (US$118 billion) from the private sector and at least 4.5 trillion won (US$3.4 billion) from the government. Most of the investment will go to 100 key techniques and technologies in the three industries.

Those in the semiconductor industry include novel ideas such as memristor-based devices better than both DRAM and NAND, chip design related to artificial intelligence, 6G communications and autonomous driving, and 3-nm and more advanced process technologies.

In display, those include super-immersive displays applicable to the metaverse, holograms, and so on, and shape-changeable foldable and wearable displays.

Those in the battery sector consist of 27 techniques and technologies in the three fields of rechargeable batteries, hydrogen fuel cells and isotope batteries. 14 will be developed so that the current limitations of lithium-ion batteries can be overcome in performance, stability, etc. Seven R&D projects for better hydrogen fuel cells will be launched along with six isotope battery R&D projects for utilization in extreme environments.