-- South Korea has unveiled a $19 billion package of incentives to bolster its chip sector, a boon to Samsung Electronics Co. and SK Hynix Inc. as they race to stay ahead in an increasingly competitive industry.The 26 trillion won program includes 17 trillion won of financial support for certain investments as well as tax incentives, the presidential office said in a statement. The total is more than double the 10 trillion won Finance Minister Choi Sang-mok had proposed less than two weeks ago.
Korea, the world’s biggest memory chip producer, has long preferred private conglomerates such as Samsung and SK to lead investment efforts. But the government is now playing a more active role and has led plans to erect a mega-cluster of chip plants located outside of Seoul.
The former president, in a typically loud post on his social media platform Truth Social, claimed that FBI agents had been authorized to use ‘deadly force’ during the raid of his Florida propertyAnna Moneymaker/Getty ImagesMarjorie Taylor Greene’s baseless claim that the feds planned to “assassinate” Donald Trump in 2022 may not have been taken seriously by most of the American public, but Moscow’s propaganda machine is reporting it as fact.