Shares in South Korean chipmaker SK Hynix tumble on US tariffs
SK Hynix supplies Nvidia with chips called high-bandwidth memory used in artificial intelligence chipsets.
Trump said on Wednesday the United States will impose a tariff of about 100 per cent on semiconductors imported from countries not producing in the US or planning to do so. But it would not apply to companies that had made a commitment to manufacture in the US or were in the process of doing so.
South Korea's trade envoy said on Thursday that SK Hynix and rival Samsung Electronics would not be subject to a 100 per cent US tariff on chips.
(Reporting by Joyce Lee and Heekyong Yang; Editing by Kim Coghill and Jamie Freed)
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