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Published: 11:02, July 15, 2022 | Updated: 11:02, July 15, 2022
S. Korea says discussing ways to boost chip cooperation with US
By Reuters
Published:11:02, July 15, 2022 Updated:11:02, July 15, 2022 By Reuters

Samsung Electronics' microchips are displayed at its store in Seoul, South Korea on April 30, 2019. (AHN YOUNG-JOON / AP)

SEOUL - South Korea said on Thursday it is discussing with the United States ways to strengthen cooperation on chip-making, according to the presidential office.

The US is committed to working with allies and partners to strengthen the resiliency of their semiconductor supply chains, and appreciate close cooperation with South Korea on supply chain issues, a State Department spokesperson said

"The US emphasised several times the importance of partnership in the chip sector in its supply chain review report in June last year," a presidential official said.

The presidential office declined to comment when asked whether South Korea would join a US-led chip alliance.

ALSO READ: Global scramble for scarce chip supplies drives Asia growth

The US government had asked South Korea to inform it by the end of August whether it would participate in a US-led chip alliance, called "Chip 4" to cope with semiconductor supply chain problems, Yonhap said citing unnamed sources in Washington.

The prospective alliance would involve the United States, Taiwan, Japan and South Korea, Yonhap reported.

The United States is committed to working with allies and partners to strengthen the resiliency of their semiconductor supply chains, and appreciate close cooperation with South Korea on supply chain issues, a State Department spokesperson said.

READ MORE: S. Korea unveils US$450b push for global chipmaking crown

China is South Korea's biggest trade partner. Out of South Korea's $69 billion memory chip exports in 2021, exports to China took up 48 percent, according to Korea International Trade Association data.

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