Name: South Korea Plans Chips Law to Prepare for Trump
Uploaded: 2024-11-12T05:00:01.000Z
Description: South Korea's ruling party proposed a special chips act on Monday, aimed at supporting chipmakers with subsidies. The legislation would also allow for longer working hours for employees in the semiconductor industry.

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South Korea's ruling party proposed a special chips act on Monday, aimed at supporting chipmakers with subsidies. The legislation would also allow for longer working hours for employees in the semiconductor industry.

This move comes as President Yoon Suk Yeol calls for the country to begin preparing for the return of Donald Trump to the U.S. presidency.

Japan on Monday also drafted a $65 billion plan to ramp up chip production with subsidies and other financial incentives.

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Xiaohua Li is an international correspondent and associate producer of NTD's "China in Focus" based in New York City. She primarily reports for "China in Focus," focusing on U.S.-China relations. Xiaohua has a bachelor's degree in broadcast journalism from Pennsylvania State University. Contact Xiaohua at Xiaohua.li@ntd.com

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