A report from the Korea Institute for International Economic Policy (KIEP) revealed last week that the latest US sanctions against Huawei may directly affect the export of semiconductors from South Korea.
According to a Business Korea report, banning Huawei’s access to all types of semiconductors may have its impact felt in South Korean semiconductors as well. Albeit, the impact would only be for the short term. For those unaware, the Trump administration revised its Export Administration Regulations to put even more pressure on Huawei and its overseas subsidiaries to prevent the Chinese tech giant from gaining semiconductors through any loopholes.
Editor’s Pick: Moto G9 with 6.5-inch display, 48MP triple cameras, Snapdragon 662 and 5,000mAh battery launched for Rs. 11,499 (~$153)
The institute further added that “China will redouble its efforts to reduce its external dependence in the semiconductor sector and this means South Korea needs to focus more on staying ahead of China in terms of technological strength.” In other words, despite Huawei being the only target, the US restrictions will have China raise its efforts to be more self sufficient and advance its domestic semiconductor industry.
UP NEXT: Elephone U5 fares well against E10 Pro, available for a limited-time discount price of $159.99
Comments