South Korea says Samsung, SK Hynix will not be subject to 100% US chip tariffs
Yeo said on radio that among various countries, South Korea will face the most favourable U.S. tariff rates on chips under the trade deal between Washington and Seoul.
He did not elaborate.
U.S. President Donald Trump said on Wednesday the United States will impose a tariff of about 100% on semiconductors imported from countries not producing in the U.S. or planning to do so. But it would not apply to companies that had made a commitment to manufacture in the U.S. or were in the process of doing so.
Trump's comments were not a formal announcement and much remains unclear.
Samsung has invested in two chip fabrication plants in Austin and Taylor, Texas, while SK Hynix has announced plans to build an advanced chip packaging plant and research and development facility for artificial intelligence products in Indiana.
"While both Samsung and SK Hynix have made U.S. investments, there are doubts about whether SK Hynix's packaging plant alone would fully qualify for tariff exemptions," said Baik Gil-hyun, an analyst at Yuanta Securities.
"Samsung, on the other hand, appears to be benefiting not only from that but also from news that it has joined Apple's supply chain."
Apple (AAPL.O), opens new tab said on Wednesday that Samsung Electronics will supply chips from its production plant in Texas for Apple products including iPhones.
Shares in Samsung Electronics climbed 2.6% while shares in SK Hynix were trading up 0.6% in line with the broader market.
Both companies declined to comment on Trump's remarks.
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Geeky Gadgets
16 minutes ago
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ChatGPT 5 Performance Testing : The AI Assistant We've Been Waiting For?
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From its improved accuracy and speed to its practical applications in writing, coding, and task management, this piece will break down what makes this model a standout—and where it still has room to grow. Whether you're a business professional seeking efficiency or a curious user eager to test its limits, there's much to discover about how ChatGPT 5 reshapes the AI landscape. As we delve into its capabilities, consider this: how much closer are we to an AI that feels truly indispensable? ChatGPT 5 Overview Model Updates: Unified Reasoning for Enhanced Simplicity ChatGPT 5 introduces a new hybrid reasoning model that merges reasoning and thinking processes into a seamless system. This eliminates the need for manual toggling between modes, significantly improving the user experience. Free users can access the most advanced version of the model, while paid plans unlock additional features, such as extended reasoning capabilities through GPT5 Thinking. 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The Independent
17 minutes ago
- The Independent
Faith leaders rally to support immigrants facing deportation in Southern California
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The couple remains in detention awaiting Farsi translators, but the family of three was released with ankle monitors, Torosian said. 'We were all in tears when they came back to the Sunday service," he said. The pastor is raising money to help these families with rent while their cases proceed. He worries about keeping up the rent assistance, given his church's limited resources, and is asking members living in the U.S. without legal status not to come to church. 'This is heartbreaking in a country like America,' he said. 'We are praying that the situation will change.' ___ Associated Press video journalist Krysta Fauria in Los Angeles contributed reporting. ___ Associated Press religion coverage receives support through the AP's collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content.
BreakingNews.ie
18 minutes ago
- BreakingNews.ie
Ukrainian troops have little hope for peace as Trump deadline for Russia arrives
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