The article discusses the plans of the United States and South Korea to strengthen their cooperation in semiconductor supply chains. The two countries aim to establish a new consultative body to share information and coordinate policies related to semiconductor supply chains. This move is seen as a response to the global chip shortage and an effort to reduce reliance on a “semiconductor battlefield.” The article highlights the importance of semiconductors for various industries, including consumer electronics, telecommunications, and defense. It also mentions the dominance of a few companies, such as Samsung and Taiwan Semiconductor Manufacturing Company (TSMC), in the chip manufacturing market. The cooperation between the US and South Korea is expected to involve sharing information on policies and supply chain resilience measures. Additionally, the two nations plan to explore ways to support workforce development and research and development in the semiconductor industry. The article emphasizes the strategic significance of semiconductors and the need for a secure and resilient supply chain.
Source: https://www.cnn.com/2024/04/15/tech/us-southkorea-samsung-chips-hnk-intl/index.html