Samsung faces a tough choice – the US or China?



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Samsung faces a tough choice – the US or China?

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Korean high-tech companies are hostages of war US-Chinese trade war put Samsung in a hurry. South Korean leading chip makers, Samsung Electronics and SK Hynix, experience serious fluctuations in the trade war between the United States and China, according to The Korea Times.

Two companies are faced with a tough choice – at what side of the conflict? Beijing has intensified pressure on companies, urging them not to agree to Washington’s sanctions against Huawei.

According to informed sources of the New York Times, recent representatives of leading technology companies, Microsoft and Dell, as well as South Korean Samsung and SK Hynix, have been invited by the Chinese government to cover up the meetings and threaten them with “serious consequences” if they support the boycott of Huawei.

Samsung and SK Hynix do not comment whether there is such a meeting because the subject is very sensitive. Earlier, Beijing announced plans to establish its own blacklist of unreliable companies in response to Huawei’s measures.

In May, the Chinese company was placed on the black list of the United States and lost the opportunity to buy components and software from US companies without explicit permission from government.

Meanwhile, US Ambassador to South Korea Harry Harris invites local technology companies to join Huawei’s boycott, announced by Washington.

In such a situation, South Korean companies risk becoming victims of the trade war between the two largest economies in the world, no matter where the country is in conflict, say analysts.

According to a representative of one of the technology companies that want to be anonymous, it is increasingly difficult to maintain neutrality, as the conflict is geopolitical and economical. He fears that Korean companies will face slowing down business.

Samsung and SK Hynix can not break the partnership with Huawei because the Chinese manufacturer is buying components in the total amount of about $ 18.4 billion a year.

Industry experts warn that the escalation of the US-Chinese trade conflict exacerbates South Korea’s business prospects, as they are heavily dependent on both markets.

“For Korean merchants, the United States and China are equally important, and it will be extremely difficult to choose which camp to join,” said Man Bang-Ki, senior researcher at the Korean International Trade Association KITA.

Samsung faces a tough choice – the US or China?



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