The United States requires South Korean chip enterprises to hand in trade secrets. South Korean media: they will disclose Chinese information
2021-11-03
According to South Korea's Central Daily reported on the 2nd, the 8th of this month is the deadline for the U.S. government to require South Korean semiconductor enterprises such as Samsung to submit trade secrets. South Korean analysts worry that if South Korean enterprises respond to the requirements of the United States, it is equivalent to divulging the confidential information of China, South Korea's largest customer, to the United States. It is reported that on October 31, the last day of the G20 summit held in Rome, Italy, US President Biden met separately with the leaders of 14 countries including South Korea, Japan and the UK to discuss global supply chain issues. Although Biden did not directly mention the word "China" in his speech, all his speeches were aimed at China and sent a signal of "restructuring the global supply chain". Analysts said that for South Korea, Biden's "Convening order" is not just to fight China. On September 25, under the name of "stabilizing the chip supply chain", the U.S. government asked multinational semiconductor enterprises to hand over their inventory, orders and sales books within 45 days. November 8 is the deadline. "The international supply chain conference convened by the United States to convene its allies is likely to cause multinational semiconductor enterprises to face greater pressure to hand over relevant information," said an Qixian, special affairs officer of the Korean semiconductor industry association. A South Korean semiconductor industry source said, "if Samsung Electronics and SK Hynix respond to the requirements of the U.S. government, it is equivalent to divulging the confidential information of China, South Korea's largest customer, to the United States. What measures China will take at that time needs special attention". "Under the G2 competition, South Korean semiconductor enterprises are worried about losing China, the largest market". South Korea's daily economy reported on the 2nd that from January to October this year, South Korea's semiconductor exports to China totaled US $39 billion, close to US $39.9 billion last year. China has become the largest market for South Korean semiconductors, accounting for 40% of South Korean semiconductor exports last year. The recent research report of the Korean Institute of foreign economic research shows that Korean semiconductor enterprises may be increasingly forced to choose sides between China and the United States, and the United States may directly pressure Korean enterprises to reduce their dependence on China. (Xinhua News Agency)
Edit:Li Ling Responsible editor:Chen Jie
Source:Global Times
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