Leading South Korean companies Samsung Electronics and SK hynix were set to hand over their semiconductor data to the US government by Monday (US time).
According to a statement on Sunday by the South Korean Ministry of Economy and Finance, the chipmakers were preparing for a “voluntary submission” to hand over their internal data to the US.
In late September, the US Department of Commerce asked major chip companies and automakers to “voluntarily” share business information to address the global chip crisis, following President Joe Biden’s executive order to secure and strengthen America’s supply chains for key products.
The South Korean government has said it will strengthen the chip supply chain partnership with the US.
