South Korea's ruling party plans chips law to avert Trump threat
1 month, 1 week ago

South Korea's ruling party plans chips law to avert Trump threat

Hindustan Times  

By Hyunjoo Jin South Korea's ruling party plans chips law to avert Trump threat SEOUL Nov 11 - South Korea's ruling party proposed a special chips act on Monday to give chipmakers subsidies and an exemption from a national cap on working hours, to tackle potential risks from measures threatened by incoming U.S. President Donald Trump. Last week, South Korean President Yoon Suk Yeol warned of the risks stemming from Trump's threat of steep tariffs on Chinese imports that could prompt Chinese rivals to slash export prices and undercut Korean chip firms overseas. Last month, Samsung apologised for its disappointing profit, since it has lagged rivals TSMC and SK Hynix in tapping booming demand for artificial intelligence chips, as competition from Chinese companies grows. In October, Trump threatened to scrap federal chip subsidies for Taiwan's TSMC, South Korea's Samsung and SK Hynix and others, in favour of import tariffs.

History of this topic

As Trump 2.0 looms, Taiwan’s chip industry braces for upheaval
5 days, 12 hours ago
The US Just Made It Way Harder for China to Build Its Own AI Chips
3 weeks, 1 day ago
South Korea factory activity picks up on strong Asia demand, PMI shows
3 weeks, 1 day ago
Fearing Donald Trump’s sanctions, Chinese AI businesses scramble to stockpile US chips
1 month ago
Alarmed China over Trump victory plans to choke chip industry
1 month ago
When the chips are down: A US-China trade war?
1 month, 1 week ago
TSMC to continue US investment plan after Trump’s election despite his stance against Chips act
1 month, 2 weeks ago
Amid trade war with West, China buys more chipmaking tools than South Korea, Taiwan & US: Report
3 months, 3 weeks ago
Trump 'has a lot on his plate', misunderstands Taiwan's chip role, minister says
3 months, 3 weeks ago
Selling damaging US chip move no easy task: China Daily editorial
6 months ago
Asia’s chip giants hustle to maintain their edge over the US
6 months, 2 weeks ago
S. Korea to set up $7-billion aid package for chip industry
7 months, 1 week ago
Samsung and SK Hynix granted permission to export U.S. chipmaking tools to Chinese facilities
1 year, 2 months ago
US allows Samsung, SK Hynix to keep getting US tools in China
1 year, 2 months ago
Taiwan says awaiting U.S. announcement on China chip waver extension
1 year, 2 months ago
South Korean firms get indefinite waiver on U.S. chip gear supplies to China
1 year, 2 months ago
U.S. 'won't tolerate' China's ban on Micron chips
1 year, 6 months ago
South Korean president urges expanded technology cooperation with Japan
1 year, 7 months ago
China to examine US chipmaker Micron's products for cybersecurity risks
1 year, 8 months ago
Tech companies continue to abandon China. Here’s why its good news for India, Mexico and Vietnam
1 year, 8 months ago
Taiwan chip pioneer warns US plans will boost costs
1 year, 9 months ago
Samsung to invest $230 billion through 2042 in South Korea chipmaking base
1 year, 9 months ago
US waged war on China’s chips; S Korea, Taiwan felt the fallout
1 year, 11 months ago
We’re in a chip war: Samsung veteran sounds alarm on South Korea losing ground
1 year, 11 months ago
China warns Taiwan of opposition after Lithuania chip plan
2 years, 1 month ago
Chip Industry Grapples with New U.S. Curbs on China Sales
2 years, 2 months ago
China lashes out at latest U.S. export controls on chips
2 years, 2 months ago
Samsung, SK Hynix to be spared brunt of China chip crackdown by U.S., say sources
2 years, 2 months ago
US aims to hobble China’s chip industry with sweeping new rules
2 years, 2 months ago
New Restrictions in Order as US Takes Aim at China’s Semiconductor Industry Ambitions: Report
2 years, 2 months ago
Former South Korean diplomat: Chip 4 cannot contain China
2 years, 3 months ago
Taiwan says it has not been informed of ‘Chip 4’ meeting involving U.S., Japan, and South Korea
2 years, 4 months ago
U.S. considers crackdown on memory chip makers in China
2 years, 4 months ago
Biden: SKorean chip plant a model for deeper ties to Asia
2 years, 7 months ago
Samsung boosts non-memory chip investment to $151 billion as South Korea offers bigger tax breaks
3 years, 7 months ago
When China and U.S. spar, it’s South Korea that gets punched
4 years, 1 month ago
South Korea-Japan trade fight moves to global dispute panel
4 years, 4 months ago

Discover Related