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President pledges support for Korean chipmakers to overcome crisis

President Yoon Suk Yeol said Wednesday the government will make all-out efforts to help Korean chipmakers overcome the current down cycle, citing semiconductors as a “national security asset that underpins the economy.” “Semiconductors are the backbone of our economy and a national security asset,” Yoon said during his visit to an SK Siltron plant in Gumi, North Gyeongsang Province. “Although there are concerns over the semiconductor market, the government and companies should overcome this crisis together.”

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