According to recent financial reports, the stock market experienced a slight increase of 3.2 points, reaching a total of 10,011 points.
Experts attribute the rise in the stock market to various factors, including the strengthening of the economy and positive international trade relations. The market saw a significant increase in foreign investments, particularly in the technology and manufacturing sectors.
Furthermore, the average daily trading volume reached 20,244 shares, with an average value of 32,008 yuan. This represents a 1.38% increase from the previous trading period.
In addition, the real estate market also showed signs of improvement, with a total of 1,857 new properties being sold. This marked a significant increase in sales compared to the previous month.
On the international front, the global market experienced a slight downturn, with a 4% decrease in trading value. This was largely attributed to uncertainties surrounding trade tensions between major economies.
Overall, despite some fluctuations in the market, experts remain optimistic about the future outlook. They believe that with continued economic stability and favorable trade conditions, the market will continue to demonstrate positive growth in the coming months.
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The global division of semiconductor labor has collapsed… U.S.-Japan-EU expands to design manufacturing
[반도체 투자 속도전, 뒤처지는 韓]
Investment sucked up with massive subsidies
The United States attracts foreign companies 36%… EU 81%
Korea without subsidies, investment attraction plan ambiguous… Up to 25% tax credit also expires within the year
In the place where the global semiconductor division of labor system disappeared, a ‘War of Zhen’ worth 753 trillion won began. While Korea is only looking at domestic corporate investment, major competitors are engaging in a race of speed targeting six years ahead, using subsidy policies and tax benefits. Korea’s position as a semiconductor manufacturing powerhouse has become dangerous.
● Overseas attraction in the US is 36%, and in the EU it is 81%.
As a result of an analysis by the Dong-A Ilbo and the Korea Institute for Industrial Economics and Trade on the 8th, it was found that investment by foreign companies accounted for a significant portion of the investment projects announced in each country since 2021, when the global semiconductor supply and demand crisis began in earnest. In the case of the United States, attracting foreign companies accounted for 35.8% of all announced investment plans. Japan was 32.1% and the European Union (EU) reached 80.7%. In the analysis, only investments in semiconductor-related manufacturing facilities were counted and materials, parts, equipment, and research and development (R&D) bases were excluded.
The United States provides subsidies of 5 to 15 percent, or a total of $39 billion (about 53 trillion won), for the construction of cutting-edge semiconductor manufacturing plants in the country. The EU is also investing a total of 43 billion euros (about 63 trillion won) in semiconductor subsidies. Japan also pays trillions of won in cash subsidies for each investment.
As a result, the United States has attracted a total of $116.4 billion in foreign investment since 2021. The largest example is TSMC, a Taiwanese foundry (semiconductor consignment production) company. $65 billion (approximately 89 trillion won) will be invested in Arizona to build a 4nm (nanometer, 1nm is 1 billionth of a meter) and 2nm foundry factory. In addition, Samsung Electronics (Texas, $45 billion), SK Hynix (Indiana, $3.9 billion), and NXP (Texas, $2.6 billion) are planning to establish a home in the United States.
The EU, which has had a weak position in the semiconductor market so far, has attracted foundry investments from American companies such as Intel (Magdeburg, Germany, $33 billion) and Global Foundry (Dresden, Germany, $8 billion) through active subsidy policies. We also actively participated in joint ventures with overseas companies. A representative example is the factory being built in Dresden, Germany, with a total cost of 10 billion euros, in collaboration with TSMC by traditional semiconductor design powerhouses such as Germany’s No. 1 vehicle semiconductor company Infineon and the Netherlands’ NXP.
Japan, which is using the weak yen as a weapon to attract investment, is also an opponent that cannot be ignored. Since 2021, we have succeeded in attracting a large number of memory and foundry production plants, including TSMC (Kumamoto, $20 billion) and Micron (Hiroshima, $3.2 billion).
● Major countries are racing to become a manufacturing powerhouse by 2030
It is estimated that most of these investment projects will be completed within 2030 and the factory will begin operation. In other words, in six years, a new semiconductor world map will be completed. Not only the timing of investment, but also the size of subsidy payments and detailed purposes for each plant have been mostly outlined.
Intel (USD 100 billion) and TSMC (USD 65 billion), which are the largest projects in the U.S. and have attracted a total investment of USD 325.6 billion, are scheduled for completion and operation starting next year. Intel’s first factory in Arizona is expected to begin mass production in the first half of next year (January to June). TSMC also plans to mass produce its first Arizona plant in the first half of next year, and its second plant in 2028. The goal is to complete total investment by 2030.
The EU has also accelerated plans to build and expand major fabs. The Dresden power semiconductor plant, in which Infineon invested the largest amount ever (USD 5.34 billion), will begin operation in 2026. Intel’s Magdeburg fab is also scheduled to be completed in 2027.
TSMC’s Tainan fab, which accounts for the largest portion of investment in Taiwan, will see $60 billion invested by the end of 2025. Lapidus, established as an alliance of major Japanese conglomerates, announced its goal of mass producing 2-nano products in 2027 at its 45 trillion won Hokkaido foundry plant.
● Korea only looks at Samsung and SK, only the 2047 roadmap
Ahead of a major change in the semiconductor world map in 2030, Korea, a traditional semiconductor manufacturing powerhouse, has ambiguous investment plans in the region. Although the government announced a plan for a semiconductor cluster based in Yongin and Pyeongtaek, Gyeonggi Province, which will last until 2047, the industry believes that “the possibility of realization will vary depending on the industry situation and investment requirements.”
Previously, in January, at the ‘3rd People’s Livelihood Debate’, the government announced that Samsung Electronics would invest 360 trillion won and SK Hynix 122 trillion won to create the Yongin semiconductor cluster by 2047, while Samsung Electronics would invest an additional 120 trillion won in the Pyeongtaek campus. announced that it had decided to invest. A total of 622 trillion won will be invested in Korea, including the M15X fab that SK Hynix decided to build in Cheongju, North Chungcheong Province, at a cost of 20 trillion won. However, except for M15X, the specific purpose of the fab or the timing of operation was not specified.
Unlike major countries, Korea has no subsidy policy as it relies only on the two major companies. Even the bill providing tax credits of up to 25% for investments in national strategic technology facilities is about to expire this year. SK Hynix Yongin fab’s construction start schedule was delayed by three years from the original plan due to difficulties in power and water licensing and compensation procedures for local residents. This contrasts with the TSMC Kumamoto plant, which began construction just six months after the announcement.
Kim Jeong-ho, a professor in the Department of Electrical and Electronic Engineering at KAIST, said, “It is being revealed that our competitors are stronger in the game of speed than we thought. A new order will be established with artificial intelligence (AI) semiconductors before 2030, but the speed of domestic investment support is slow and there is a shortage of talent. “I am concerned that we may be losing competitiveness as chronic problems persist,” he said.
Reporter Kwak Do-young [email protected]
Reporter Hong Seok-ho [email protected]
13 Sub-Saharan African Countries Meet in Dakar to Improve French and Math Textbooks for Schools
As part of the Project to support the production and distribution of educational resources for primary and secondary school students and schools in sub-Saharan Africa where French is spoken, 13 countries from sub-Saharan Africa met with French in Dakar to proceed with training verification. modules aimed at improving teachers’ abilities in the development and use of French and mathematics textbooks.
The Ministry of Education of 13 countries including Benin, Burundi, Comoros, Congo-Brazzaville, Djibouti, Guinea, Madagascar, Mauritania, Central African Republic, Democratic Republic of Congo, Senegal, Chad and Togo were represented. at this meeting which aimed to approve the training. program on the development and use of teaching manuals in French and mathematics. For the initiators, especially the UNESCO Regional Office in Dakar and the UNESCO International Bureau of Education, access to diverse and high-quality materials and digital educational resources, adapted to learning needs, are important levers for quality education for all. The Educational Resources Project aims to strengthen access for primary and secondary school pupils to diverse and effective educational resources.
2024-05-08 22:54:59
#Education #Africa #ability #Frenchspeaking #countries #textbooks #French #mathematics
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13 Sub-Saharan African Countries Meet in Dakar to Improve French and Math Textbooks for Schools