The US has asked South Korea to stop selling chips to China if Beijing bans Micron. The newspaper writes about it Finance Times with reference to sources.
The White House has asked South Korea to encourage chipmakers not to fill gaps in the Chinese market if Beijing bans Micron from selling chips there.
According to media reports, the relevant request by the United States was voiced against the backdrop of the South Korean President’s visit to the United States on April 24.
Previously reported, then the stock market growth of Chinese chip companies is threatened by aggravated relations with the United States, which could hinder the growth of the industry. At the same time, the FactSet indicator, which tracks chip-related national companies, dropped more than 5% on Friday, bringing annual growth to 15%. At the same time, this sector was under threat as relations between China and the United States became more complex.
Market experts felt that Chinese chip manufacturers should create their own ecosystems by investing in the development of the industry. In addition, Chinese authorities began to encourage local manufacturers to invest in increasing their chip production capacity.