The paper says the government needs to seek ways to minimise the negative impacts of the US government’s export control policy. Read more at straitstimes.com.
SEOUL - South Korean chipmakers are likely to face not only a slowdown in demand for semiconductors, but also critical restrictions from the US over production in China - collateral damage from the intensifying friction in US-China trade.
His comments reflect the US’ suspicion that China may be stealing its cutting-edge technology to strengthen its own chip-building capability, which could pose a threat. In October, Korean semiconductor producers were given a one-year licence to continue producing their products in China. The grace period was as part of US export restrictions on chips and other technologies to China.
Korea exports some 40 per cent of its chips to China, an undisputedly crucial market for local chip producers. Samsung’s Chinese chip plant in Xian produces around 40 percent of the company’s NAND flash memory products, while SK hynix’s factory in Wuxi manufacturers about 48 per cent of its DRAM chips.
If Samsung and SK hynix want to receive subsidies for the plans to build chip facilities in the US, they have to sign a pact that will restrict chip production in China for the next 10 years. Depending on how the US tweaks the rules, the Korean chip producers may be stuck with outdated technologies for their Chinese plants.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Focused' Klinsmann motivated to bring success to South KoreaSEOUL – Jurgen Klinsmann is “focused and motivated” to bring success to South Korea, a top football official said on Tuesday, defending the...
Read more »
South Korea, US, Japan meet on supply-chain resilienceIt comes amid efforts to strengthen the resilience of supply chains and develop technology. Read more at straitstimes.com.
Read more »
South Korea exports fall in February for fifth month but at softer paceSEOUL : South Korea's exports fell in February for a fifth straight month in annual terms, trade ministry data showed on Wednesday, although at a slower pace than in January due mainly to calendar effects related to national holidays.Outbound shipments from Asia's fourth-largest economy fell 7.5 per cent
Read more »
South Korea February exports fall for fifth month, with pace easing on calendar effectsSEOUL : South Korea's exports fell in February for a fifth straight month in annual terms, trade ministry data showed on Wednesday, although at a slower pace than in January due mainly to calendar effects related to national holidays. Outbound shipments from Asia's fourth-largest economy fell 7.5 per cent
Read more »
South Korea promises all-out efforts to boost exports, attract touristsSEOUL :South Korea's government on Thursday promised to make efforts to boost exports and attract tourists as the statistics agency released a mixed set of data for January that showed gloomy prospects for the economy.Finance Minister Choo Kyung-ho said at a meeting of officials the likelihood of a quick expo
Read more »
South Korea promises all out efforts to boost exports, attract touristsSouth Korea would make efforts to attract more foreign tourists. Read more at straitstimes.com.
Read more »