Samsung and SK Hynix Exempt from US 100% Chip Tariffs, South Korea Confirms
6 Sources
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South Korea says Samsung, SK Hynix will not be subject to 100% US chip tariffs
SEOUL, Aug 7 (Reuters) - South Korea's top trade envoy Yeo Han-koo said on Thursday that Samsung Electronics (005930.KS), opens new tab and SK Hynix (000660.KS), opens new tab will not be subject to 100% U.S. tariffs on chips. Yeo said on radio that among various countries, South Korea will face
[2]
Shares in South Korean chipmaker SK Hynix tumble on US tariffs
SEOUL, Aug 7 (Reuters) - Shares in South Korean chipmaker SK Hynix fell 3.1% in early Thursday trade, after President Donald Trump said the U.S. will impose a tariff of about 100% on chips. SK Hynix supplies Nvidia (NVDA.O), opens new tab with chips called high-bandwidth memory used in artificial
[3]
TSMC, Samsung + SK hynix also exempt from Trump's 100% tariffs like NVIDIA + Apple
TL;DR: South Korea's Samsung and SK hynix, along with Taiwan's TSMC, are exempt from President Trump's 100% semiconductor tariffs due to their significant investments in US-based manufacturing facilities. Apple and NVIDIA also maintain exemption status, supporting the growth of America's
[4]
After NVIDIA And Apple, South Korea Declares That Samsung And SK Hynix Are Also Exempt From Trump's 100 Percent Tariffs On Semiconductors
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy. At the rate global semiconductor heavyweights are winning exemptions under Trump's newly proposed 100 percent sectoral tariffs on silicon chips, the list of
[5]
Samsung, SK Hynix not subject to 100% U.S. chip tariffs, South Korean envoy says
South Korea's top trade envoy Yeo Han-koo said Thursday that Samsung Electronics and SK Hynix will not be subject to 100% U.S. tariffs on chips. Yeo said on radio that among various countries, South Korea will face the most favorable U.S. tariff rates on chips under the trade deal between
[6]
Shares in South Korean chipmaker SK Hynix tumble on US tariffs
SEOUL (Reuters) -Shares in South Korean chipmaker SK Hynix fell 3.1% in early Thursday trade, after President Donald Trump said the U.S. will impose a tariff of about 100% on chips. SK Hynix supplies Nvidia with chips called high-bandwidth memory used in artificial intelligence chipsets. Trump
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South Korea announces that Samsung and SK Hynix will not be subject to the proposed 100% US tariffs on semiconductors, due to their significant investments in US-based manufacturing facilities.
US Tariff Exemption for South Korean Chip Manufacturers
South Korea's top trade envoy, Yeo Han-koo, has announced that Samsung Electronics and SK Hynix will not be subject to the proposed 100% US tariffs on semiconductors
1
. This exemption comes in the wake of US President Donald Trump's statement regarding the imposition of substantial tariffs on imported semiconductors from countries not producing chips in the United States or planning to do so2
.Investments in US Manufacturing
Source: TweakTown
The exemption is attributed to the significant investments made by both companies in US-based manufacturing facilities. Samsung has invested in two chip fabrication plants in Texas, while SK Hynix has announced plans to build an advanced chip packaging plant and research and development facility for artificial intelligence products in Indiana
3
.Samsung has committed to investing $45 billion in the US by 2030, which includes the construction of two chip fabrication plants, an R&D center, and a packaging facility. SK Hynix is investing $3.87 billion in West Lafayette, Indiana, for its memory packaging plant and R&D facility
4
.Apple's Partnership with Samsung
In a related development, Apple has announced that Samsung Electronics will supply chips from its production plant in Texas for Apple products, including iPhones
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. This partnership further solidifies Samsung's position in the US semiconductor market and likely contributed to its exemption from the proposed tariffs.Market Reaction and Analyst Perspectives
Source: Reuters
Following the announcement, shares in Samsung Electronics climbed 2.6%, while SK Hynix saw a more modest increase of 0.6%
1
. However, analyst Baik Gil-hyun from Yuanta Securities expressed some doubts about whether SK Hynix's packaging plant alone would fully qualify for tariff exemptions5
.Related Stories
Broader Implications for the Semiconductor Industry
The exemption of major players like Samsung, SK Hynix, TSMC, NVIDIA, and Apple from these tariffs suggests that the actual impact of the proposed levies may be limited to smaller companies without significant US manufacturing presence
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. This development aligns with the US government's efforts to bolster domestic semiconductor production and reduce reliance on foreign manufacturers.
Source: Wccftech
Uncertainty and Future Developments
It's important to note that President Trump's comments were not a formal announcement, and many details remain unclear
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. The semiconductor industry and global markets will likely continue to monitor the situation closely as more concrete policies are formulated and announced.References
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