The U.S. Department of Defense is reported to have withdrawn a plan to support Intel with semiconductor subsidies of US$2.5 billion.According to Bloomberg on March 13, the Department of Defense held an informal meeting and decided to cancel the plan to support Intel with US$2.5 billion in subsidies.
SK on has announced a supply agreement to receive natural graphite from its American anode material partner, Westwater Resources. This acquisition of American-sourced graphite strengthens SK on’s response capability to the Inflation Reduction Act (IRA).On Feb. 12, SK on disclosed that it had finaliz
Samsung, Kia and other major Korean companies spent a record amount of money on lobbying the U.S. government in 2023 as they prepared for uncertainties in their trade environments.Last year, Samsung Group (Samsung Semiconductor, Samsung Electronics America and Samsung SDI America) spent US$6.3 milli
Domestic battery companies are groaning under the unreasonable demands of global automotive brands. The automotive companies, both customers and joint venture (JV) partners of the battery industry, are intensifying their oppressive tactics as the demand for electric vehicles slows down. This trend o
Prosecutors have demanded a five-year prison sentence and a 500 million won (US$386,581) fine for Lee Jae-yong, chairman of Samsung Electronics, indicted on charges of unfairly intervening in the merger of Samsung C&T and Cheil Industries to facilitate a succession of managerial power.At the final h
As tensions intensify between the U.S. and China over smartphones equipped with Huawei’s self-developed 5G chips, uncertainty surrounding the Chinese plants of Samsung Electronics and SK hynix is expected to deepen.According to industry sources and foreign media on Sept. 10, after Huawei unveiled tw
Large Korean companies such as Samsung Electronics, SK hynix and Hyundai Motors spent a record amount of money on lobbying in the United States in the first half of this year, according to OpenSecrets, a nonprofit political fund tracking organization. This is due to the fact that not only U.S. compa
Leading global corporations from South Korea including Samsung, SK, Hyundai Motor, and LG have set up local offices around Capitol Hill and are strengthening communications with the U.S. government and Congress by recruiting high-ranking former U.S. bureaucrats and other influential figures.Last yea
OpenSecrets announced on March 2 that Samsung spent US$5.79 million on lobbying in the United States last year, up 56 percent from a year ago.According to the non-profit organization, the amount was US$3.91 million in 2018, somewhat decreased in 2019 to 2021, and then began to substantially increase
U.S. Treasury Secretary Janet Yellen remarked that the U.S. government would make no exception in the Inflation Reduction Act, although it is well aware of South Korea’s and Europe’s concerns over its impact on EV manufacturers.Bloomberg reported that non-U.S. automakers are lobbying not to be discr
Intel CEO Patrick Gelsinger is lobbying multiple governments, including the U.S., for subsidies.“The United States and the European Union need to raise their global semiconductor market shares to at least 30 percent and 20 percent within 10 years, respectively,” he recently said, adding, “It is Asia
The Center for Responsive Politics said in its report on March 10 that SK innovation and LG Chem spent approximately 1.3 billion won for lobbying purposes in the United States last year with regard to their electric vehicle battery-related patent litigation and so on.Specifically, SK innovation spen
The U.S. Department of Commerce will announce a preliminary ruling on anti-dumping and countervailing duties on Korean tires on Dec. 31 (local time). Korean tire companies are paying keen attention to how strong the preliminary ruling will be.The United Steelworkers (USW) filed a complaint with the
Taiwan's TSMC, the world's No. 1 foundry company, has widened its gap with Samsung Electronics in terms of foundry sales, even after the U.S. sanctions against Huawei. This development raises the question whether Samsung Electronics will be able to overtake TSMC in the foundry field. Samsung
The U.S. Department of Commerce announced on Aug. 17 that it added 38 Huawei subsidiaries in 21 countries to its Entity List. From now on, they must be approved by the U.S. government to purchase semiconductors incorporating U.S. technology or software regardless of the place of purchase.The U.S. go
Samsung Electronics spent US$3.12 million on lobbying in the United States last year. The company spent the money to respond to the Donald Trump administration’s protectionist trade policies and increase its presence in the local 5G telecom equipment market. 5G is one of the four future growth drive
On January 22 (local time), U.S. President Donald Trump decided to make safeguard measures to restrict the import of washing machines from South Korea. That day, those supporting South Korean President Moon Jae-in displayed an advertisement at the Times Square to celebrate his 66th birthday.The U.S.
The Fair Trade Commission (FTC) of Korea began a review of the disposal of five million Samsung C&T shares in accordance with the merger of Samsung C&T and Cheil Industries. The FTC will decide whether or not it will order Samsung C&T to sell off additional shares as early as within this year. To th
The Korea Fair Trade Commission (KFTC) announced on October 24 that a set of guidelines on lobbying would take effect at the beginning of next year.According to the guidelines, persons who work for large corporations or law firms can get in contact with KFTC employees only after registration and the
The Samsung Group decided to disassemble itself for the first time since its establishment 58 years ago. This is to forestall controversies over collusive links between politicians and itself, evasion of law and illegal acts. The decision made by Samsung Group chief Jay Y. Lee has astonished the ent