South Korea is asking the United States to change its subsidy criteria for the highly sensitive semiconductor sector. In March, Washington unveiled a plan to prevent China from indirectly benefiting from the $52 billion in subsidies provided for in the "Chips Acts" This law aims to boost the local production of electronic chips.
But the South Koreans are now asking the Americans to review their copy and relax the rules limiting their companies' investments in China. The Chinese factories of the two South Korean giants represent a significant part of their production, especially since Beijing's decision to ban Micron in certain sectors.