WASHINGTON, May 23 (Korea Bizwire) — South Korea has asked the United States to review the latter’s proposed limit on the expansion of production by South Korean semiconductor manufacturers in China, a U.S. public notice showed Tuesday. The request comes about two months after the U.S. Department of Commerce said the U.S. CHIPS and Science [...]
SEOUL, March 30 (Korea Bizwire) — South Korea’s semiconductor industry is complaining over the U.S. CHIPS and Science Act for requiring companies to submit information about production yield, which is regarded as sensitive and confidential data within the industry. Earlier this week, the U.S. Commerce Department released new requirements for chipmakers seeking federal grants for [...]
SEOUL, March 29 (Korea Bizwire) — SK hynix Inc. is not sure yet whether to apply for U.S. government grants under the Chips Act, the chipmaker’s top executive said Wednesday, calling the process too complicated. While the application is under serious consideration, “we found the process too demanding,” Park Jung-ho, vice chair and co-CEO of [...]
SEOUL, March 22 (Korea Bizwire) — South Korean chipmakers appeared to breathe a sigh of relief Wednesday, as the U.S. government’s new rules for the Chips Act, announced last night, were less stringent than had been previously feared. Washington said late last month it would ban any recipient of federal money from the US$53 billion [...]
SEOUL, March 13 (Korea Bizwire) — In the late 1980s, Japan was a semiconductor powerhouse, accounting for more than 50 percent of sales by country and region. However, Japan’s semiconductor industry has declined, and the market is now dominated by Taiwan and South Korea, with the U.S. perceiving China’s growth as a threat. The U.S. [...]
SEOUL, March 2 (Korea Bizwire) — Washington’s Chips Act and its requirements for companies receiving incentives are likely to put South Korean chipmakers’ ability to navigate business uncertainties and balance between the United States and China to the test. The Biden administration on Tuesday announced conditions for subsidies under the US$53 billion act, designed to [...]