22-09-2023, 05:23 PM
September 22, 20239:34 AM GMT+8 Updated 7 hours ago
SEOUL, Sept 22 (Reuters) - South Korea on Friday said it has asked the United States to resolve uncertainties regarding U.S. export controls in the chip sector and subsidies for chip investment.
Industry Minister Bang Moon-kyu met with U.S. Deputy Secretary of Commerce Don Graves in Seoul on Friday ahead of the expiry next month of a year-long waiver for Samsung Electronics (005930.KS) and SK Hynix (000660.KS) to import U.S. chip-making equipment into China.
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Samsung Electronics has NAND flash memory production in Xian, China whereas SK Hynix has DRAM chip production in Wuxi and NAND Flash production in Dalian. The companies together control nearly 70% of global DRAM and 50% of NAND flash markets as at June-end
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the U.S. Department of Commerce imposed guard rails for investment hopefuls applying for billions of dollars in subsidies under the CHIPS Act. Those guard rails include limiting expansion of chip manufacturing in China for 10 years after winning funding.
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Samsung, which is building a chip plant in Texas to begin shipping in late 2024, has completed the main application for U.S. subsidies and could hear the result by year-end
https://www.reuters.com/technology/south...023-09-22/
SEOUL, Sept 22 (Reuters) - South Korea on Friday said it has asked the United States to resolve uncertainties regarding U.S. export controls in the chip sector and subsidies for chip investment.
Industry Minister Bang Moon-kyu met with U.S. Deputy Secretary of Commerce Don Graves in Seoul on Friday ahead of the expiry next month of a year-long waiver for Samsung Electronics (005930.KS) and SK Hynix (000660.KS) to import U.S. chip-making equipment into China.
......
Samsung Electronics has NAND flash memory production in Xian, China whereas SK Hynix has DRAM chip production in Wuxi and NAND Flash production in Dalian. The companies together control nearly 70% of global DRAM and 50% of NAND flash markets as at June-end
......
the U.S. Department of Commerce imposed guard rails for investment hopefuls applying for billions of dollars in subsidies under the CHIPS Act. Those guard rails include limiting expansion of chip manufacturing in China for 10 years after winning funding.
......
Samsung, which is building a chip plant in Texas to begin shipping in late 2024, has completed the main application for U.S. subsidies and could hear the result by year-end
https://www.reuters.com/technology/south...023-09-22/