South Korea Cooperating With US on Chips, Still Has Concerns

South Korea’s trade minister said key chip producers Samsung Electronics Co. and SK Hynix Inc. won approval from the US to keep operating in China, but that concerns remain over the impact of Washington’s sweeping new restrictions.

“South Korea is fully cooperating with the US,” Ahn Duk-geun said in an interview with Bloomberg News, explaining that the US decisions were based on an understanding that Korean chipmakers’ fabs in China are crucial in stabilizing the global supply chain.