South Korea semiconductor exports to China sink as US tightens tech restrictions
South Korea's semiconductor exports to China, including Hong Kong, experienced a significant drop of 31.8% year-on-year last month, raising concerns about a potential slowdown in global demand. This decline follows a 22.5% contraction in January and contrasts with the growth observed in 2024, which had contributed to South Korea's economic expansion. The reduced chip sales to China, the world's second-largest economy, signal a worrying trend for the industry.
The export decline coincides with the United States implementing stricter export restrictions on advanced semiconductors to China, aiming to limit Beijing's progress in artificial intelligence and other high-tech sectors. These restrictions, imposed by the US Department of Commerce, specifically target high-bandwidth memory chips. Companies like SK Hynix and Samsung Electronics, major memory-chip manufacturers with operations in China, are directly affected by these measures, further impacting South Korea's semiconductor exports.
via SCMP Full Text Feed
South Korea's semiconductor exports to China, including Hong Kong, experienced a significant drop of 31.8% year-on-year last month, raising concerns about a potential slowdown in global demand. This decline follows a 22.5% contraction in January and contrasts with the growth observed in 2024, which had contributed to South Korea's economic expansion. The reduced chip sales to China, the world's second-largest economy, signal a worrying trend for the industry.
The export decline coincides with the United States implementing stricter export restrictions on advanced semiconductors to China, aiming to limit Beijing's progress in artificial intelligence and other high-tech sectors. These restrictions, imposed by the US Department of Commerce, specifically target high-bandwidth memory chips. Companies like SK Hynix and Samsung Electronics, major memory-chip manufacturers with operations in China, are directly affected by these measures, further impacting South Korea's semiconductor exports.
via SCMP Full Text Feed
