US ban on Huawei may affect Korean chip exports in the short term
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A report from the Korea Institute for Worldwide Financial Coverage (KIEP) revealed final week that the most recent US sanctions towards Huawei could straight have an effect on the export of semiconductors from South Korea.
In line with a Enterprise Korea report, banning Huawei’s entry to all sorts of semiconductors could have its influence felt in South Korean semiconductors as effectively. Albeit, the influence would solely be for the quick time period. For these unaware, the Trump administration revised its Export Administration Laws to place much more stress on Huawei and its abroad subsidiaries to forestall the Chinese language tech big from gaining semiconductors by way of any loopholes.
The institute additional added that “China will redouble its efforts to cut back its exterior dependence in the semiconductor sector and this implies South Korea must focus extra on staying forward of China in phrases of technological power.” In different phrases, regardless of Huawei being the one goal, the US restrictions may have China elevate its efforts to be extra self reliant and advance its home semiconductor trade.
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