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International Business Times
International Business Times
Business

S. Korea Plans Extra $4.9 Bn Help For Chips Amid US Tariff Anxiety

United States Donald Trump Semiconductor South Korea Choi Sangmok Memory Samsung SK Hynix
South Korea is home to the world's largest memory chip maker Samsung, and largest memory chip supplier SK Hynix (Credit: AFP)

South Korea on Tuesday announced plans to invest almost $5 billion extra in the country's semiconductor industry, citing "growing uncertainty" over US tariffs.

The country is a major exporter to the United States and its powerhouse chip and auto industries would suffer a hefty hit from President Donald Trump's threatened 25 percent levies.

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