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Korean MICE says non-DRAM NICE

Wons galore for non memory chips

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MICE, South Korea’s Ministry of Industry, Commerce and Energy said tomorrow (today our time) that the domestic semi-conductor industry will see the ratio of memory and non-memory semi-conductor production change from 81:19 to 75:25 by 2003. MICE and the Ministry of Science and Technology (MST) are concerned about Korea’s over-dependence on excessive DRAM production, and they are investing over 265 billion Won to refocus the domestic industry and achieve a more focused balance. MICE anticipates that the worldwide market for non-memory chips will increase significantly by 2003, and it is drafting in advisors and assistance from several areas of industry, including telecomms, computer, multimedia and manufacturing, expecting to ramp up production from January next year. ®

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