Seoul, South Korea - Minister of SMEs and Startups Lee Young met with Rene Haas, CEO of ARM (NASDAQ: ARM).
The Key Points
The dialogue focused on joint research and development (R&D) and open innovation in mobility and robotics.
- Software-defined vehicles: A growth sector for SMEs: ARM, a key semiconductor and software design player, drives the Software-Defined Vehicle (SDV) sector through its Scalable Open Architecture for Embedded Edge (SOAFEE) initiative.
- Open Innovation and Shared R&D Roadmaps: Since 2020, ARM has facilitated access to its Arm Flexible Access (AFA) program for 18 South Korean semiconductor design companies and startups. The AFA program enables the development and validation of semiconductor samples without the cost of ARM IP.
What they said:
Minister Lee noted the growing demand for advanced semiconductor design in sectors such as mobility and data centers in South Korea and said the collaboration with ARM will be a valuable asset for Korean startups and SMEs.
Haas acknowledged ARM's ongoing partnerships in South Korea, particularly in areas such as AI, data centers, automotive, and IoT, and expressed interest in expanding the collaboration to enhance the global competitiveness of Korean semiconductor design companies and startups.
The meeting underscored an ongoing strategic dialogue addressing the growing need for advanced semiconductor designs in mobility, telecommunications, robotics, and data centers.
This transition to SDVs is expected to provide new growth opportunities for SMEs in manufacturing and ICT, as it will require the involvement of various component and software companies.
Both sides are considering promoting open innovation and joint R&D, especially in mobility and AI robotics.