South Korea Takes Steps to Protect Chipmakers Amid U.S. Trade Tensions
"Hey, did you hear? South Korea’s government is stepping in to help its chip industry, like Samsung and SK Hynix, because of potential issues with the U.S. and China. They’re proposing new legislation to give subsidies to chipmakers and even ease up on work-hour limits for R&D employees. All this because President Trump threatened to slap tariffs on Chinese imports, which could mess with Korean chips’ competitiveness. It’s a big deal since semiconductors are crucial for South Korea’s economy—they’re 16% of exports!
But it won’t be easy. There’s resistance from opposition parties in parliament and Samsung’s own labor union isn’t too happy about extended work hours. This is all part of the larger chip war between the U.S. and China, so South Korea’s just trying to keep its companies afloat. It’ll be interesting to see how this plays out"
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