Trending

Stories

Top Chipmakers to Handover Semiconductor Data to US Govt

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

Leading South Korean companies Samsung Electronics and SK Hynix were set to hand over their semiconductor data to the US government by Monday (US time).

According to a statement on Sunday by the South Korean Ministry of Economy and Finance, the chipmakers were preparing for a “voluntary submission” to hand over their internal data to the US.

Also Read

In late September, the US Department of Commerce asked major chip companies and automakers to “voluntarily” share business information to address the global chip crisis, following President Joe Biden’s executive order to secure and strengthen America’s supply chains for key products.

The South Korean government has said it will strengthen the chip supply chain partnership with the US.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

According to reports, Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest chipmaker, has already submitted its answers to the US sans customers’ detailed information.

Kim Ki-Nam, Vice Chairman and CEO of Samsung’s device solutions division, said the company was “calmly” preparing answers to the request during a meeting with reporters at the Korea Electronics Show (KES) last month.

“We are internally reviewing the matter and are in close talks with the (South Korean) government,” said SK Hynix CEO Lee Seok-hee, who also attended the event.

The information request by Washington has immediately spawned concerns about the possible leak of what chipmakers consider as major trade secrets, as questions touch upon a wide range of issues, including investment, inventories, pricing, customers, and sales, Yonhap news agency reported last week.

It also raised questions on how to answer those sensitive questions while complying with filings and information disclosure rules required for publicly traded companies.

While the US government said the information sharing is “voluntary”, South Korean companies are under pressure to file the information as requested.

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

Latest

Stories

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.
Elementor

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.

Kinsta

Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.

OptinMonster

OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.

Related

- Advertisement -
- Advertisement -
India to Produce Upcoming iPhones: Trade Minister Japanese Professor Developed A Power Semiconductor made of Diamond Google Releases New Product for India’s Merchants Indian EV Startup Unveil Two AutoBalancing Electric Scooters OPPO Find X6 Pro Images Render via Weibo Sony Develops New Tech to Reduce Noise of Image Sensors Tesla’s S & Y Models Earn Best-in-Class Cars of 2022 India Approved $320m to Promote Homegrown Payments Network Twitter Roll Out TikTok-like ‘For You’ Timeline on iOS Nothing Phone Enters US with Beta Membership Program
Finally! Apple’s VR Headset Coming this Spring Harvard Scientists Develop New Cell Therapy to Kill, and Prevent Brain Cancer HTC Vive XR Elite VR/AR Headset Now Selling for $1099 Realme 10 Launched in India with Helio G99 Gaming Chipset Twitter Data Breach Revealing User’s Private Information Instagram New Feature to Create Albums With Friend Redmi Note12 Pro Plus Launched in India POCO C50 Launched in India