SEM C&S, a semiconductor test component manufacturer based in Osong, Chungbuk Province, has become the first company in the province to be selected for the National Growth Fund.
Chungbuk Province announced Wednesday that the Financial Services Commission's National Growth Fund deliberation committee selected SEM C&S, a semiconductor test equipment parts manufacturer based in Chungbuk, as the province's first company to receive National Growth Fund support.
The selection is particularly significant as it marks the first successful case utilizing the "fast-track review system," which streamlines existing deliberation procedures by allowing the fund management subcommittee to conduct priority review and approval. This enabled timely response to the funding needs of an excellent regional company.
Founded in 2016, SEM C&S is a leading mid-sized company that successfully localized ceramic STF (Space Transformer), a core component in semiconductor test processes that was previously monopolized by overseas suppliers.
"The approval of Chungbuk's first National Growth Fund proves that Chungbuk is not just a business-friendly region, but a region where companies grow together," said Lee Bok-won, Deputy Governor for Economic Affairs of Chungbuk Province. "Starting with this first approval, we will work even harder to ensure a second and third approval follow."
