Industry Briefing

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South Korea's Ambitious Industrial Policy Aims to Lead in AI and Semiconductors

South Korea's Ambitious Industrial Policy Aims to Lead in AI and Semiconductors

The South Korean government, under President Lee Jae Myung, has initiated a comprehensive industrial policy to enhance its competitiveness in semiconductors, AI infrastructure, and robotics. This strategy, reminiscent of the Heavy and Chemical Industry drive from the 1970s, aims to address market failures and bolster national security through targeted investments and regulatory support. The significance of this initiative lies in its potential to transform South Korea into one of the top three global powers in AI while reinforcing its leadership in semiconductor manufacturing. With over 1,500 trillion won ($1 trillion) in planned investments from both the government and major firms like Samsung Electronics and SK Hynix, this marks the largest industrial initiative since the previous drive. Looking ahead, the challenges of securing necessary resources and managing investment cycles in the semiconductor industry could pose significant hurdles. The government’s commitment to mobilizing capital through new financing vehicles will be crucial in navigating these complexities and achieving its ambitious goals.

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Industrial Policy and Wright’s Law: A New Perspective on Building the U.S. Drone Industry

Industrial Policy and Wright’s Law: A New Perspective on Building the U.S. Drone Industry

At the AUVSI XPONENTIAL 2026 conference this week, Brendan Stewart, Senior Vice President of Regulatory and Government Affairs at Red Cat Holdings, presented a comprehensive analysis on the future of the U.S. drone industry. He emphasized that revitalizing this sector will necessitate a long-term industrial policy, increased manufacturing capacity, and a commitment to patience from stakeholders. Stewart's insights highlight the critical steps needed to ensure sustainable growth and competitiveness in the drone market, underscoring the importance of strategic planning and investment in technology and infrastructure.

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