Yongin City Expands Research Equipment Usage Fee Support for Semiconductor Materials, Components, and Equipment Companies

Korea Institute of Machinery and Materials Added to Support Program

Yongin City in Gyeonggi Province announced on the 24th that it will expand the scope of research equipment usage fee support for semiconductor materials, components, and equipment companies starting next year.

Yongin City has included the Korea Institute of Machinery and Materials in the list of supported entities for research equipment usage fees for semiconductor materials and components companies starting next year. An open lab for materials and components at a semiconductor research institute. Provided by Yongin City

The city has previously provided support for usage fees on research equipment owned by the Gyeonggi Institute of Science and Technology and the Korea Nano Technology Research Society. However, starting next year, research equipment owned by the Korea Institute of Machinery and Materials will also be included in the support program.

The Korea Institute of Machinery and Materials is a government-funded research institute responsible for national machinery technology research, conducting studies to apply manufacturing, machinery, and materials technologies to industrial sites. It is the only government-funded research institute that operates a dedicated semiconductor equipment research group, and it is equipped with precision instruments and facilities for testing and reliability evaluation that can be used for product development, testing, and verification.

The eligible companies are semiconductor materials, components, and equipment firms with at least one office, factory, or research institute located in Yongin. Selected companies will receive support covering 70% of research equipment usage fees, up to a maximum of 15 million won.

Interested companies must submit their applications to the Semiconductor Policy Division’s Semiconductor Technology Support Team by January 16 next year. Detailed application procedures and support plans can be found in the notices section of the Yongin City website.

Lee Sangil, Mayor of Yongin, stated, "We have expanded the scope of support so that companies can utilize the excellent research equipment of research institutes more affordably and practically," adding, "We hope this expansion will contribute to the technological development and competitiveness of semiconductor materials, components, and equipment companies."