SEOUL : Criteria to qualify for new U.S. semiconductor subsidies could be"burdensome" for companies such as Samsung Electronics Co Ltd and SK Hynix Inc, South Korea's trade minister said on Thursday.
Subsidies would come from a $52 billion pool of research and manufacturing funds earmarked under the United States' so-called CHIPS Act, for which the Commerce Department announced guides and templates this month. However, funding applications may require detailed cost structure information as well as projected wafer yields, utilisation rates and price changes, which three Korean chip sources told Reuters was akin to revealing corporate strategy.
The United States' subsidy provisions should reflect the opinions of the government and companies of South Korea so they do not impose any undue burden on those companies, South Korean Trade Minister Ahn Duk-geun said in a statement on Thursday.
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