Protection Racket? Asian Semiconductor Giants Fear Looming Tariffs

Source: International Business Times

For chipmaking powerhouses South Korea and Taiwan, the consequences of possible US tariffs could be enormous AFP Inside one of South Korea's oldest semiconductor research institutes, the cleanrooms and workshops are calm and immaculate, but outside the Seoul National University campus, a chip storm is brewing. Last month, Washington announced a national security probe into imports of semiconductor technology, which could put the industry in the crosshairs of President Donald Trump's trade bazooka and inflict potentially devastating levies. For chipmaking powerhouses South Korea and Taiwan, the consequences could be enormous.