South Korean chipmakers will submit semiconductor data to the U.S. by Nov. 8 deadline – TechCrunch
South Korean companies Samsung Electronics and SK Hynix will disclose some semiconductor information to the U.S. authorities, the South Korean Ministry of Financial system and Finance mentioned.
In accordance with a statement launched on Sunday by the finance ministry, South Korea-based chipmakers are getting ready for a “voluntary submission” handy over some inside information to the U.S.
Samsung and SK Hynix, nevertheless, won’t present any delicate data to guard commerce secrets and techniques as they submit the information to Washington, Reuters said. Native media additionally reported that the world’s two largest reminiscence chipmakers would “partially comply” with Washington.
The U.S. Division of Commerce requested international semiconductor producers and automakers on 23 September to “voluntarily” fill out a questionnaire in regards to the provide chain pertaining to their chip stock, gross sales, orders, clients’ data and extra. They should submit it by a Nov. 8 deadline.
“Now we have different instruments in our toolbox that require them to provide us information. I hope we don’t get there. But when we have now to, we are going to” if firms didn’t reply to the voluntary request, U.S Commerce Secretary Gina Raimondo mentioned in an interview with Reuters in September.
Raimondo mentioned that the purpose of its voluntary request for data is to extend transparency to determine bottlenecks within the international provide chain and predict challenges amid a world semiconductor scarcity.
The worldwide chip scarcity has harmed a number of sectors, together with vehicles, computer systems, telephones, and home equipment. In April, international tech and vehicle executives had a meeting on the White Home to debate options for the worldwide chip scarcity.
There appears to be no different selection for semiconductor firms however to abide by the request beneath strain, in response to trade sources who wished to stay nameless.
Samsung Electronics and SK Hynix have mentioned the information submission problem with the South Korean authorities, as per the Ministry of Financial system and Finance assertion.
The South Korean authorities will strengthen the semiconductor provide chain partnership with the U.S. and proceed shut communications with the U.S. counterpart after the deadline on 8 November, as per the assertion by the South Korean finance ministry.
In October, Taiwan Semiconductor Manufacturing (TSMC), one the world’s largest chipmakers, mentioned that it had already submitted its solutions to the U.S. without including clients’ detailed data.
Samsung and SK Hynix didn’t reply to requests for feedback.
