South Korea Seeks Favorable Terms on U.S. Memory Chip Tariffs

South Korea is negotiating favorable terms for U.S. tariffs on memory chip imports. Despite U.S. tariffs on advanced computing chips, the impact on South Korean firms like Samsung and SK Hynix, top memory chip producers, is expected to be limited, according to the trade minister.

South Korea is actively negotiating for favorable terms concerning U.S. tariffs on imported memory chips, as revealed by a presidential spokesperson during a televised briefing on Sunday.

The country had previously released a joint fact sheet alongside the U.S., ensuring that South Korean imports of memory chips would not face discriminatory tariffs compared to other key competitors. This move addresses the tariffs imposed by the Trump administration on artificial intelligence chips.

On Saturday, the trade minister of South Korea stated that the U.S. tariffs on some advanced computing chips are predicted to have a limited effect on South Korean companies such as Samsung Electronics and SK Hynix, which are among the global leaders in memory chip production.

(With inputs from agencies.)