Reported 13 days ago
South Korea's ruling party has introduced a legislation aimed at supporting chipmakers with subsidies and work-hour exemptions to mitigate risks posed by U.S. President Trump’s potential tariffs on Chinese imports. The semiconductor sector, vital for South Korea's export-driven economy, is facing increased competition from global rivals amid a semiconductor trade war. The ruling party's efforts are met with challenges, especially from the opposition majority in parliament, while companies like Samsung Electronics navigate pressures from both domestic and international markets.
Source: YAHOO