To the extent that the United States allows it.
Based on the headlines of publications of Western news agencies, one gets the impression that the US authorities organized and held the Conference on Economic Cooperation in the Asia-Pacific Region in Detroit solely to promote their foreign policy interests, but Reuters incidentally reports that representatives of China and South Korea succeeded on the sidelines this event to agree on deepening mutual cooperation in the semiconductor field.
Image Source: Reuters
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The trade ministers of the two countries exchanged views on the stability of the global semiconductor supply chain. The South Korean side avoided openly mentioning the actual chips, preferring to focus on the topic of supplies from China of the raw materials necessary for their production, as well as asking Chinese partners to provide a more predictable operating environment in this country for South Korean companies. South Korea insists on holding talks in all key sectors of the economy, and not just in the field of semiconductors. For Korean memory chip suppliers, China is not only an important production base, but also a sales market, where they receive up to 40% of all revenue.
