[December, 2024] K-ASIC Hosts Tech & Toast: CHIPS Act Insights in Silicon Valley

On December 3, 2024, the Korea AI & System IC Innovation Center (K-ASIC) hosted Tech & Toast: Semiconductor at its Silicon Valley headquarters, convening over 60 participants including Korean resident startups, California state officials, and semiconductor industry experts. The seminar focused on the evolving U.S. semiconductor policy landscape following the presidential election, with particular attention to the implications of the CHIPS Act and state-level incentive programs.

The event provided a timely platform for Korean semiconductor companies to better understand policy shifts and identify strategic opportunities in the U.S. market, particularly as federal and state governments intensify efforts to attract global semiconductor investment.

---

Keynote Briefings: U.S. Policy Shifts and California Incentives

The seminar featured keynote briefings from representatives of the California Governor’s Office of Business and Economic Development (GO-Biz), offering insights into both federal policy direction and state-level support mechanisms.

• Dr. Michael Karavolias, Statewide Industry Engagement Manager at GO-Biz, delivered an in-depth analysis of the U.S. semiconductor landscape heading into 2025, highlighting anticipated policy shifts under the new administration and their strategic implications for international semiconductor companies.

• Claire Gordon, Foreign Investment Analyst at GO-Biz, introduced California’s tailored incentive programs designed to support semiconductor and AI companies. Her presentation covered key areas including R&D funding, capital investment incentives, workforce development initiatives, and sustainability-focused programs.

These sessions provided practical guidance for Korean fabless companies and chip design firms evaluating expansion into North America.

---

Driving Collaboration Through Strategic Networking

The event concluded with a networking dinner that fostered in-depth discussions among attendees, including GO-Biz officials, K-ASIC advisory members, and Silicon Valley industry leaders. Key areas of engagement included:

• Reviewing resident companies’ technologies and U.S. market strategies

• Exploring joint development and go-to-market opportunities

• Strengthening Korea–U.S. R&D and investment collaboration

As the U.S. semiconductor policy environment continues to evolve, K-ASIC remains committed to equipping Korean companies with the insights, partnerships, and infrastructure needed to successfully navigate and scale in the global market.