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 investment is part of a 550 trillion won private-sector investment plan unveiled by the South Korea government to support high-tech sectors
Companies winning US chips subsidies would be barred from joint ventures or expansion in ‘foreign countries of concern’ like China for 10 years
Semiconductor powerhouses Taiwan, the United States, Japan and South Korea held a video meet to discuss supply chain resilience
Samsung’s plans have fanned concern that the world's biggest memory chipmaker intends to draw on its deep pockets to gain market share from smaller peers