Tag - Korean chipmakers face Chinese threat

Korean chipmakers face Chinese threat

China’s aggressive move to increase its foothold in the world’s chip sector is becoming a threat to Korean manufacturers, including Samsung Electronics and SK hynix. Tsinghua Unigroup told Bloomberg in a recent interview that the company would invest a whopping $30 billion in order to grow its semiconductor business in the coming years. The figure far exceeds Samsung’s projected investment spending amounting to $11.5 billion for this year. Market watchers expected that the Chinese firm’s new investment, if made, will further fuel [...]