South Korean giants fell victim to the chip ban, losing 13 trillion yuan and unable to pay executive salaries
Chips are forbidden"Losses"**！The Korean oil company lost 13 trillion won, and even the salaries of the managers could not be paid!
After the advent of Huawei 5G, American companies ran into technical trouble, and the United States tried to save it"Technological supremacy", took a series of special care, and later affected the semiconductor industry, the blockade of chips has begun to take shape, and even has a tendency to intensify.
The war of science and technology between China and the United States began, and no company could escape this catastrophe, while industry leaders such as Samsung, ASML and TSMC were led by the nose by the United States because they could not escape American technology.
South Korea refused to make concessions and put aside the "Chip Quad Alliance" for the time being, but the United States refused to give up and immediately pushed for an agreement between the United States, Japan, and the Netherlands to manufacture chip equipment, but the United States still refused to agree. Although the United States is still reluctant to admit that there is"Agreement"However, judging by the market movements, this is obvious.
Japan began banning the export of its core products in July this year, and the Netherlands postponed it until January 2024 due to the fact that American companies"Lobbying to force the palace"The United States had to suspend the implementation of the new regulations, but the lake, which was already quiet, has set off stormy waves.
Biden's ** tried to reassure their own companies, delaying this latest ban but quickly ramping up efforts in artificial intelligence and new energy; Nvidia has been asked to stop selling all of its chips, and U.S. auto companies have been restricted.
This move by the United States not only blocked the way of American companies, but also became the largest"Victims": South Korea's Samsung, once a chip giant, is now facing complete disintegration.
Samsung released a revenue report showing an 84% decline in earnings for fiscal year 202392% and only 6At 5.4 billion won, the lowest in recent years, the semiconductor business suffered the heaviest loss, with a cumulative loss of 13 trillion won.
Samsung has taken a similar approach, cutting back on expenses and spending, but instead of drastically cutting employees, it has only temporarily suspended the pay of senior staff, thus saving a lot of money and allowing the company to continue operating — a situation that is clear for the semiconductor giant, which has nothing to do with the United States.
Because of the chip subsidy, Samsung has also invested 170 billion yuan in factories in the United States, like TSMC, but has not shifted its focus to the factory - because of TSMC's example, South Korea has been doing everything possible to bypass this rule, hoping to bring some benefits to its company.
Because South Korean companies have canceled their operations in Chinese mainland, their factories in China can bring in some advanced core manufacturing facilities under current rules, but South Korean companies have not been able to do so, so Biden's plans are not very clear.
It is clear that Samsung has recognized this, and in order to cope with the pressure from the United States, they must keep the Chinese market, so the South Korean company has not succumbed to China, but has strengthened its determination to enter China.
Due to the strength of Chinese companies in memory chips and the competition in high-end chips, Samsung can barely survive with its diversified business model, but it will not invest all its profits in the semiconductor industry.