According to the South Korean Ministry of Economy and Finance, South Korean firms Samsung Electronics and SK Hynix will disclose some semiconductor jobs data to the US government.
South Korean chipmakers are preparing for a “voluntary disclosure” of their internal data to the US, according to a statement made by the finance ministry on Sunday.
Samsung and SK Hynix, on the other hand, will not offer any critical material to Washington in order to protect trade secrets, according to Reuters. The world’s two largest memory chipmakers, according to local media, would “partially comply” with Washington.
On September 23, the US Department of Commerce requested that worldwide semiconductor manufacturers and automakers “voluntarily” complete a questionnaire regarding their supply chain, including chip inventory, sales, orders, customer information, and more. They have till November 8 to submit it.
“We have other tools in our toolbox that require them to give us data. I hope we don’t get there. But if we have to, we will” if companies did not respond to the voluntary request, U.S Commerce Secretary Gina Raimondo said in an interview with Reuters in September.
The goal of Raimondo’s voluntary request for information, according to Raimondo, is to promote openness in order to identify bottlenecks in the global supply chain and forecast issues in the face of a global semiconductor shortage.
Cars, computers, phones, and appliances have all been damaged by the global chip shortage. Global tech and automotive executive jobs met at the White House in April to discuss solutions to the global chip shortage.
According to industry sources who asked to remain anonymous, semiconductor businesses appear to have little choice but to comply with the request. According to a statement from the Ministry of Economy and Finance, Korean chipmakers discussed the data submission issue with the South Korean government.
The South Korean government will strengthen its semiconductor supply chain partnership with the United States and maintain close communication with its counterpart in the United States after the deadline on November 8, according to the South Korean finance ministry.
Taiwan Semiconductor Manufacturing (TSMC), the world’s largest chipmaker, announced in October that it had already submitted its responses to the US without including detailed information from customers. Samsung and SK Hynix did not respond to requests for comments.