According to a media report, the US has asked South Korea not to participate in supplies to the People’s Republic if US memory chips are banned in China. The US had asked the government in Seoul to urge its chipmakers not to fill market gaps in China if Beijing banned US chipmaker Micron from doing business in China.
This is reported by the Financial Times on Sunday. The Seoul government should therefore encourage manufacturers Samsung Electronics and SK Hynix not to increase their sales to China, it said. South Korean President Yoon Suk Yeol is planning a trip to the United States.
The Chinese regulatory body CAC announced in March that it would conduct an audit of the products Micron sells in China. Micron had said it was cooperating with the Chinese side.
The US has imposed export controls on chip technology to China over fears it could be used to manufacture military applications. Some of China’s largest chip companies are also on a US blacklist, including Micron’s rival Yangtze Memory.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
