South Korea and the United States are discussing semiconductor investments in the US as part of broader bilateral talks, according to a Seoul official.
A Seoul official confirmed that South Korea and the United States are discussing semiconductor investments in the US as part of broader bilateral talks. The official addressed concerns about planned tariffs on chips, which have been flagged by US Commerce Secretary Howard Lutnick.
South Korea's chipmakers, including Samsung Electronics and SK Hynix, are expected to receive US tariff rates no less favourable than those offered to other competitors under a deal that included US$350 billion of South Korean investment in US manufacturing. However, negotiations on national security issues, such as South Korea's plan to build its own nuclear-powered submarine, have not made progress.
Why it matters
The tariff terms affect South Korean chipmakers' competitiveness in US markets.
This section reflects Dumpling editorial interpretation and is provided for context only.
What to watch
Watch whether South Korean chipmakers adjust production plans based on US tariff terms.
This section reflects Dumpling editorial interpretation and is provided for context only.