South Korean chip firms to omit detailed data in response to U.S. request: Sources

SEOUL: Samsung Electronics and SK Hynix plan to leave out detailed information when supplying Washington with data related to the global chip shortage as they want to protect trade secrets, two sources briefed on the matter said.

The South Korean firms – the world’s two biggest makers of memory chips – are among companies the U.S. government has asked to volunteer information so it can better understand the crisis that has led to a sharp curtailing of auto production. It has set a Nov. 8 deadline for submission of the information.

The Commerce Department has said, however, it may make answers compulsory depending on the number and quality of responses.