“The strong statement from G-7 may have added fuel to this fire,” Mr Ng said.
According to analysts, Micron – one of the US’ largest memory chipmakers – was an easy target because its semiconductors could be replaced by products from South Korea’s SK Hynix and Samsung. He said Micron’s consumer goods products are “completely replaceable” by South Korean and domestic memory chip suppliers.And Mr Triolo said Beijing was “betting on switching to South Korean suppliers”.
Source: Financial Digest (financialdigest.net)
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