Friday, November 8, 2024
HomeBusinessSouth Korea wants US 'carrots' for embracing Chinese chip restrictions

South Korea wants US ‘carrots’ for embracing Chinese chip restrictions

South Korea expects more flexibility and incentives from the United States to encourage the country to comply with additional restrictions on advanced semiconductor exports to China that Washington is considering, the commerce minister said.

“For countries or companies that try to comply with the U.S. in good faith, there should be some kind of carrot,” South Korean Trade Minister Cheong Inkyo said in his first media interview since taking office in January. “That would help them embrace U.S. policies more easily.”

South Korea is one of a handful of semiconductor majors facing a potential U.S. ban on exports of advanced chips to China, including high-bandwidth memory used to train artificial intelligence.

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