AI · SEMICONDUCTOR · FACT CHECK
SKD WIRETrue
SK Group Chairman Chey Tae-won has warned that as the United States and China expand their domestic semiconductor capacity, Korean companies' market share will shrink, calling for swift action. "Our share will decrease as the US and China expand capacity… we have to do something as fast as possible," Chey said in a written submission to the National Assembly's Special Committee on Budget and Accounts, according to the original document.
In the submission, Chey — who also chairs the Korea Chamber of Commerce and Industry — addressed the intensifying competition among the United States, China and Korea to build out semiconductor manufacturing capacity. He indicated that the expansion of production bases in both Washington and Beijing would come at the expense of Korean companies' share of the global market.
Chey's warning underscores the stakes for Korea's memory-led chip industry, in which Samsung Electronics and SK hynix together occupy leading positions in global DRAM and NAND supply.
"We have to do something as fast as possible," Chey wrote, signaling urgency about the need for a policy and investment response to protect Korean manufacturers' standing as rivals scale up capacity at home.
Chey is the chairman of SK Group, the parent of SK hynix, one of Korea's two dominant memory chipmakers alongside Samsung Electronics. His remarks were made in writing as part of a submission to the National Assembly special committee.
The claim that Chey warned Korean market share would fall as the US and China expand semiconductor capacity, and that Korea must act as fast as possible, is True.
