Korean industries gauge impact of President Biden's steep tariffs on China Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
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The victory of the US-friendly Democratic Progressive Party candidate Lai Ching-te in Taiwan's presidential election has raised concerns about its potential impact on the Korean semiconductor industry and the global supply chain. South Korea's two leading semiconductor makers Samsung Electronics and SK hynix are reviewing the impact of the election results on the global foundry market, but the outlook.
Chip makers Samsung, SK Hynix and TSMC can maintain their operations in China for the foreseeable future, but significant tech upgrades could prove difficult.
Chinese President Xi Jinping and the Chinese Communist Party have tightened their grip on power further by approving Xi s third term in office. Xi has already been in power for a decade, a period characterized by growing authoritarianism in the world s second-largest economy.