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Korea's top memory chipmakers - Samsung Electronics and SK hynix - are caught in the middle of an escalating U.S.-China semiconductor tussle, facing pressure from Washington to stop boosting semiconductor output in their largest market, China, according to industry experts, Tuesday. They urged the Korean government to take more steps to protect them, claiming it is going too far to tell for-profit companies to make business decisions based on the logic of a geopolitical power struggle.

Samsung Electronics and SK hynix are facing a bleak outlook in terms of their bread-and-butter memory chip businesses as soaring global inflation, the won's fall against the dollar and the ongoing Russia-Ukraine war have dampened demand for IT products using those chips, according to industry analysts, Monday. The analysts said Samsung and SK will face even more unfavorable business conditions in 2023, because they are heavily dependent on memory chips that account for only 30 percent of the entire chip market and are severely affected by the global economy.

Chip industry welcomes Korean version of 'CHIPS for America Act' Posted : 2021-04-19 17:24 Updated : 2021-04-19 17:48 Industry Minister Sung Yun-mo, left, takes a look at a semiconductor wafer with Seoul National University researchers at the school's laboratory, April 14. Yonhap By Baek Byung-yeul Industry officials and analysts said Monday that they are welcoming the government's push to enact a new law that will be written to support the local semiconductor industry by providing various benefits including tax cuts. They agreed the government's move seems to be late, saying it is rushing...