From Dealroom · · 40s
Korea backs $1.4B chip supplier fund
Korean government and banks launch $1.4B trade program to support chip suppliers.
In brief
Korean government and banks launch $1.4B trade program to support chip suppliers. South Korea's government and four domestic banks launched a $1.68B co-prosperity trade program to back chip suppliers, boosting Huatai-PineBridge chip ETF trading by 60%. Originally reported by Dealroom.
Huatai-PineBridge ETF trading jumps
Huatai-PineBridge STAR Semiconductor Equipment ETF trading jumped 60% in October with daily turnover averaging ¥1.259 billion.
Korea launches $1.68B chip supplier fund
South Korea's government teamed with four domestic banks to launch a $1.68B co-prosperity trade program for chip suppliers.
ETF tracks upstream chip suppliers
The ETF tracks upstream semiconductor materials and equipment with 89% weight on materials plus equipment.
What it means
South Korea's government and four domestic banks launched a $1.68B co-prosperity trade program to back chip suppliers, boosting Huatai-PineBridge chip ETF trading by 60%.
