A researcher takes a piece from a semiconductor wafer. Photo: Reuters, Kim Kyung-hoon

South Korea’s government and private companies plan to pump US$230 million into developing next-generation chips for wearable devices and cars, reports Joongang daily.

The cash is also slated to train nearly 3,000 people in semiconductor technology related to automobiles. The government says it’s especially keen on developing system semiconductors to run electronic systems.

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