Electronics

According to the Huacheng Import and Export Data Observation, although the United States has introduced the latest export control measures, executives of Samsung Electronics Co., Ltd. and SK Hynix said on the 9th that the two companies will continue to negotiate with the governments of relevant countries and work hard to make their business in China run smoothly on this basis.

The Biden administration announced a series of restrictions last week, which will make it impossible for China to obtain some chips made with American equipment.

According to Huacheng Import and Export Data Watch, people worry that this will affect the business of the above-mentioned Korean chip giants in China, because they must accept the case review in Washington before they can sell advanced chips to China.

A senior executive of Samsung said: "The (Korean) government has held close discussions with industry figures on this matter, and has consulted with the US side according to the discussion results."

The executive said: "I hope the governments of the two countries can draw constructive conclusions on the remaining issues. We will continue to hold closed door consultations with relevant governments and do our best to operate our factories in China." Huacheng Import and Export Data Observation Report.

SK Hynix issued a statement on the 8th, vowing that the company will work closely with the Korean government and make full preparations to obtain the US license.

The statement said: "We will try our best to operate our factories in China in compliance with international norms, so as to minimize the impact of (export restrictions) on the domestic semiconductor industry."

According to the Huacheng Import and Export Data Observation Report, the Ministry of Industry, Trade and Resources of South Korea said that these restrictions will not have a serious impact on domestic enterprises, but it is necessary to negotiate with the United States to minimize the uncertainty.

It said in a press release: "We will use a working group under the Korea US Supply Chain and Industry Dialogue Platform to evaluate and discuss relevant issues as a regular channel for discussion with the US side." Huacheng Import and Export Data Observation Report.