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The South Korean conglomerate SK Group is at the forefront of the government-backed power semiconductor development initiative. It is dedicated to constructing a comprehensive ecosystem that spans the entire value chain, with the goal of fulfilling future industrial requirements. The government is playing a supportive role, helping to bolster SK Group's global competitiveness. Projections indicate that by 2030, the market for SiC semiconductors will soar to a value of USD 10.3 billion. With its vertical integration capabilities, SK Group is well-positioned to dominate this burgeoning market. The government has outlined a long-term strategic plan and is offering robust support, with the ambition of elevating the technology self-sufficiency rate to 20% and stimulating fresh growth avenues within the semiconductor sector.
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