South Korea's Samsung and SK Hynix, the world's top two makers of memory chips, have invested billions of dollars in chip factories in China

The development comes at a time when the US is increasingly urging its allies to work together to counter China's chips and advanced technology development

A $2.6 billion share sale, if approved by China’s securities watchdog, would follow a capital raising rush by Chinese chipmakers in the face of US sanctions

Washington has asked Seoul to encourage Samsung and SK Hynix to hold back from boosting China sales if Micron is banned as a result of an ongoing investigation

Analysts say Samsung’s chip division likely reported quarterly losses of more than $2.3 billion due to falling memory chip prices and lower inventory values

The Cyberspace Administration of China said it would conduct a security review of Micron's products sold in the country

Japan wants to stop its advanced technology being used for military purposes and does not have a specific country in mind, the country's trade minister said

China faces a shortage of an estimated 200,000 industry workers this year, a problem that has become even more critical in face of intensified US chip rivalry

Seoul reacts to proposed new limits for recipients of US chip manufacturing and research funding that includes restrictions on investments related to expansion in China and Russia

The move follows sweeping export controls implemented by the United States last year that stopped Nvidia from selling its two most advanced chips to Chinese customers

China has been working on a more than 1 trillion yuan ($145.34 billion) support package for its semiconductor industry, amid tightening US restrictions

"There's no question in my mind that, in the chip sector, globalisation is dead," TSMC’s retired founder Morris Chang said