According to industry sources, Samsung Electronics is expected to submit information about its chip business to the US government before the November 8 deadline. The Korean Herald reported that in late September, the U.S. Department of Commerce required major chip companies and automakers to “voluntarily” share commercial information to respond to the global chip crisis. Previously, President Biden issued an executive order to ensure and strengthen the supply of key U.S. products. chain.
Kim Ki-nam, vice chairman and CEO of Samsung’s device solutions division, said at the Korea Electronics Show (KES) last week that the company is “calmly” preparing a response to this request.
It is understood that the US government’s information disclosure requirements immediately aroused the concern of chip manufacturers because they included chip inventory, technology nodes, and sensitive trade secrets such as pricing, customer, and sales records. Although the US government stated that information sharing is “voluntary,” South Korean companies are under pressure to submit information as required.
US Secretary of Commerce Gina Raimondo warned that if companies do not respond to this request, then there are other tools in our “toolbox” that require them to provide us with data. I hope we will not get there. But if necessary, we will do so.
A Samsung official, who asked not to be named, said: “It seems that there is no choice but to comply with the requirements.”