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Thanks to US intervention, Korea ended up with chips rotting in warehouses and recorded its first trade deficit in 14 years!

via:新浪科技     time:2023/3/31 15:01:00     readed:127

South Korea's chips rot in warehouses and record its first trade deficit in 14 years thanks to US interference.

Thanks to US intervention, Korea ended up with chips rotting in warehouses and recorded its first trade deficit in 14 years!

In order not to be overtaken by China in the chip industry, the United States formed a quadripartite chip alliance and also brought in South Korea. South Korea does what the US says and would rather not sell chips than sell them to China. But China is the world's largest chip importer. If not China, who will Korea sell its chips to?

In the first place, it was the lack of supply in the U.S. that prompted companies to stock up on chips, and many chipmakers to expand capacity. As a result, chip prices have plummeted, with Samsung and SK Hynix cutting prices and nobody buying. Smartphone shipments fell 11 percent last year, and many handset makers are cutting orders. The Korean chip industry is in a more difficult situation.

After losing the Chinese market, even Samsung's profits fell by 70%. The chips that make up the bulk of South Korea's exports are not only rotting in warehouses, but also falling into the red for the first time in 14 years. This is the result of South Korea obeying the orders of the United States, and the final loss is still South Korea's own interests!

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