{"id":244197,"date":"2023-05-27T15:26:32","date_gmt":"2023-05-27T15:26:32","guid":{"rendered":"https:\/\/www.bnreport.com\/?p=244197"},"modified":"2023-05-27T15:27:52","modified_gmt":"2023-05-27T15:27:52","slug":"china-and-south-korea-collaborate-on-chip-supplies","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/china-and-south-korea-collaborate-on-chip-supplies\/","title":{"rendered":"China and South Korea Collaborate on Chip Supplies"},"content":{"rendered":"<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bnreport.com\/en\/\"><strong>BNR<\/strong><\/a> &#8211; China and South Korea mutually agreed to increase discussions and collaboration on the supply networks of semiconductors. The decision coincides with larger global worries about chip shortages, sanctions, and national security.<\/p>\n<p style=\"text-align: justify;\">On the margins of the Asia-Pacific Economic Cooperation\u00a0conference, Wang Wentao conferred with South Korean Trade Minister Ahn Duk-geun. The conference took place in Detroit and concluded on Friday.<\/p>\n<h3 style=\"text-align: justify;\"><strong>Bilateral Collaboration<\/strong><\/h3>\n<p style=\"text-align: justify;\">According to the Chinese Ministry of Commerce, they discussed how to keep the industrial supply chain stable. Also, they discussed bilateral, regional, and multilateral collaboration. Furthermore,\u00a0Wang stated that China is keen to collaborate with South Korea to boost trade relations\u00a0and investment partnerships.<\/p>\n<p style=\"text-align: justify;\">On the other hand, South Korea&#8217;s statement did not mention\u00a0chips. According to the statement, South Korea&#8217;s\u00a0trade minister requested that China stabilise the supply of critical raw materials. Moreover, the South Korean minister requested a predictable marketplace in China for South Korean companies.<\/p>\n<p style=\"text-align: justify;\">According to a reliable source, South Korea\u00a0stated that dialogue between working-level officials across all industries is essential. According to the source, the need for dialogue\u00a0is not limited to semiconductors. Because they had no permission to speak to the media, the source asked\u00a0to remain unidentified.<\/p>\n<h3 style=\"text-align: justify;\"><strong>South Korea Caught in US-China Feud Over Semiconductors<\/strong><\/h3>\n<p style=\"text-align: justify;\">South Korea is caught in the crossfire of a feud between the United States and China over semiconductors. Micron failed its network security review, according to last week&#8217;s <a href=\"https:\/\/www.reuters.com\/markets\/asia\/south-koreas-sk-hynix-shares-rise-slightly-after-china-fails-us-rival-micron-2023-05-22\/\">statement<\/a> from\u00a0China&#8217;s cyberspace regulator. As a result, critical\u00a0infrastructure operators would be unable to purchase from the company.<\/p>\n<p style=\"text-align: justify;\">The United States has urged\u00a0countries to restrict China&#8217;s access to sophisticated semiconductors for several\u00a0reasons, including national security. According to trade ministry data, China accounts for about 40\u00a0per cent of South Korean chip exports. However, South Korean chipmakers Samsung Electronics and SK Hynix require US technology and equipment for manufacturing.<\/p>\n<p style=\"text-align: justify;\">\n","protected":false},"excerpt":{"rendered":"<p>BNR &#8211; China and South Korea mutually agreed to increase discussions and collaboration on the supply networks of semiconductors. The decision coincides with larger global worries about chip shortages, sanctions, and national security. On the margins of the Asia-Pacific Economic Cooperation\u00a0conference, Wang Wentao conferred with South Korean Trade Minister Ahn Duk-geun. The conference took place [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":244198,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,2081],"tags":[128,11381,278,11380,5888,11382,646],"class_list":["post-244197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-2081","tag-china","tag-chip-shortage","tag-featured","tag-semiconductors","tag-south-korea","tag-us-sanctions","tag-usa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>China and South Korea Collaborate on Chip Supplies - Business News Report<\/title>\n<meta name=\"description\" content=\"China and South Korea mutually agreed to increase discussions and collaboration on the supply networks of\u00a0semiconductors.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/china-and-south-korea-collaborate-on-chip-supplies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China and South Korea Collaborate on Chip Supplies - 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