SEOUL, Jun. 28 (Korea Bizwire) — Small and medium-sized parts makers of memory chips and displays will be able to test their products in assembly lines of large companies that can improve their overall competitiveness, the industry ministry said Thursday.
The Ministry of Trade, Industry and Energy held a meeting with leading semiconductor and display makers — Samsung Electronics Co., SK hynix Inc, Samsung Display Co. and LG Display Co. — as well as small parts makers to discuss ways to enhance the country’s ecosystem.
While contractors of the memory chip and display makers have supplied their products after conducting in-house tests, they will be allowed to inspect 107 parts at production lines of their clients under the new system.
The ministry said the testing in the actual environment will help the development of new products and reduce reliance on imported goods.
The participants also agreed to collaborate in the research and development of the next-generation materials and parts to raise local companies’ global competitiveness.
The latest move comes as China is stepping up efforts to become a major industrial player in semiconductor design and manufacturing to decrease its dependence on imported goods, mostly from South Korea and the United States.