South Korea pledged support for its chip sector on Thursday, with President Yoon Suk Yeol describing competition in the industry as an 'all-out war' amid heightened Sino-U.S. tension.
depend on U.S. technology and equipment. At the same time, about 40% of South Korea's chip exports go to China, trade ministry data showed.
Credit-rating firm Fitch on Wednesday said it did not expect major long-term supply disruption from the Sino-U.S. chip dispute as South Korea would become the main location for Samsung and SK Hynix's investment and technology upgrades.
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