South Korea announces over $23 billion for chip sector as Trump tariffs on semiconductor imports loom
2025-04-15 13:55:38 source：CNBC
April 14, 2025
South Korea announced Tuesday a support package of 33 trillion won ($23.25 billion) for its vital semiconductor industry, as heightened uncertainty over U.S. tariffs threatens domestic companies.
This comes after U.S. president Donald Trump reportedly said he would be announcing the tariff rate on imported semiconductors soon, after exempting them from his steep "reciprocal" tariffs last Friday.
In a social media post Monday, Trump vowed to investigate the "whole electronics supply chain" on national security grounds.
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