KASPA Announces Landmark MOU to Strengthen Korea–U.S. Semiconductor Collaboration
San Ramon, Calif., June 3, 2024 – The Korean American Semiconductor Professional Alliance (KASPA), a US-based 501(c)(3) nonprofit organization dedicated to empowering Korean American professionals, businesses, and engineering students in the semiconductor industry, today announced the signing of a landmark Memorandum of Understanding (MOU) aimed at strengthening cross-border collaboration between Korea and the United States.
We are excited to announce the signing of a landmark Memorandum of Understanding (MOU) between four prominent organizations: the Korea Semiconductor Industry Association (KSIA), the Korea AI & System IC Innovation Center (K-ASIC), the Bay Area K-Group (BAKG), and the Korean American Semiconductor Professional Alliance (KASPA).
This MOU represents a major step forward in strengthening cross-border collaboration between Korea and the United States in the fast-evolving semiconductor industry. Together, these organizations are committed to fostering innovation, sharing expertise, and building a more resilient and forward-looking global semiconductor ecosystem.
Key Objectives:
Enable joint research and knowledge exchange
Support workforce development and talent mobility
Promote strategic partnerships among industry, academia, and government
“This MOU is more than a formal agreement. It is a shared commitment to shaping the future of the semiconductor industry through global cooperation, strategic alignment, and mutual growth,” stated Jae Park, President of KASPA.
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About KSIA
The Korea Semiconductor Industry Association (KSIA) is a prominent trade organization established in 1991 to support the sustainable and balanced development of South Korea's semiconductor industry. With over 260 member companies spanning device manufacturing, design, and equipment sectors, KSIA plays a pivotal role in coordinating industry activities and fostering collaboration among its members.
About K-ASIC
The Korea AI & System IC Innovation Center (K-ASIC) is a premier research and development institution established on September 5, 2024, in San Jose, California, under the support of South Korea’s Ministry of Trade, Industry and Energy (MOTIE). It serves as a strategic hub aimed at enhancing collaboration between South Korea and the United States in the rapidly evolving field of AI semiconductor technology.
About BAKG
The Bay Area K Group (BAKG) is a 501(c)(3) nonprofit founded in 2017 to support Korean high-tech professionals in the San Francisco Bay Area. BAKG fosters community, connection, and collaboration among Korean American engineers, entrepreneurs, and students, helping them grow and thrive in the tech industry.
About KASPA
The Korean American Semiconductor Professional Alliance (KASPA) is a US-based 501(c)(3) nonprofit organization that empowers professionals, businesses, and engineering students in the semiconductor industry through collaboration, education, and knowledge-sharing. By fostering community, promoting innovation, providing networking opportunities, and supporting media and press efforts, KASPA plays a vital role in advancing the global semiconductor ecosystem.
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