South Korea says US chip tariff to have limited immediate impact

SEOUL: South Korea’s trade minister said on Saturday that a U.S. proclamation ‍imposing a 25% tariff on certain advanced computing chips would have a limited impact on South ⁠Korean companies.

“While the government remains cautious at an early stage, the first-phase measures announced so far focus on advanced chips made by Nvidia and AMD,” Trade Minister Yeo Han-koo said.

“Since the ‌memory chips that ‌South Korean companies mainly export are currently excluded, the immediate impact is expected to be limited.”