Korea plans to invest KRW323 billion (US$320 million) in R&D to ramp up the production value of its power management ICs (PWM ICs) to US$10 billion by 2022 with a 14% global market share, according to Digitimes Research.
Under Korea's Ministry of Trade, Industry and Energy (MOTIE), the government has mapped out a plan to develop high-efficiency power supplies and related technologies for PWM ICs, with participants including Samsung Electronics and LS Industrial Systems.
The PWM IC development project will also focus on two major segments: market-oriented applications and core technologies, with a R&D budget of KRW195 billion and KRW100 billion, allocated for the two sectors respectively.
Development of electric car applications under the market-oriented sector alone will account for KRW78 billion.
For the core technologies, the project will call for developments of related technologies and components for insulated gate bipolar transistors (IGBT) and metal-oxide semiconductor field-effect transistors (MOSFET).
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