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South Korea to launch initiative to nurture on-device AI chip startups

By Choonsik Yoo ( May 20, 2025, 08:31 GMT | Insight) -- The South Korean government has unveiled an initiative valued at about $718 million to connect major domestic customers with developers of chips optimized for on-device AI systems, amid growing expectations that advancements in AI innovation will drive rapid growth in physical AI systems. Companies, including LG Electronics and Hyundai Motor, have signed a memorandum of understanding to participate in the initiative, under which they will serve as the first buyers and verifiers of on-device AI chips developed by domestic companies.The South Korean government has unveiled an initiative valued at about $718 million to connect major domestic customers with developers of chips optimized for on-device AI systems, amid growing expectations that advancements in AI innovation will drive rapid growth in physical AI systems....

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