Key Highlights
- STORY CONTINUES BELOW THIS ADTariffs on AI chips US President Donald Trump on Wednesday signed a proclamation to address national security concerns related to semiconductor imports, imposing a 25 per cent tariff on certain artificial intelligence chips, such as Nvidia’s H200 AI processor and AMD’s MI325X.“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. More from Tech OpenAI to test ad trials in ChatGPT, premium users to remain ad-free Anthropic ropes in Microsoft ex-executive Irina Ghose as Managing Director of IndiaImpact is limited on South Korea “Since the memory chips that South Korean companies mainly export are currently excluded, the immediate impact is expected to be limited."Yeo cautioned, however, that it was “not yet time to be reassured,” noting uncertainty over when and how a potential second phase could be expanded. He added the government will continue to work closely with the industry to seek the best possible outcome for South Korean countries.
- US to impose broader tariffs on semiconductors Amid the tariff tussle, the US in the coming future is expected to impose broader tariffs on the import of semiconductors and their derivative products to incentivise domestic manufacturing, according to the fact sheet. US Commerce Secretary Howard Lutnick said on Friday that South Korean chipmakers and Taiwanese companies that are not investing in the US may face up to 100 per cent tariffs unless they commit to increased production on American soil, Bloomberg reported.
- Lutnick was at a groundbreaking ceremony for Micron’s new plant outside Syracuse, New York. Tagsartificial intelligence (AI) South Korea United States of AmericaHomeTechSouth Korea plays down impact of 25% US AI chip tariffsEnd of Article Read MoreFind us on YouTubeSubscribeHomeTechSouth Korea plays down impact of 25% US AI chip tariffsEnd of ArticleQuick ReadsMusk seeks up to $134 bn from OpenAI, Microsoft over alleged gains from his early contributionsElon Musk is suing OpenAI and Microsoft for up to $134 billion, claiming they profited from his early involvement and investment.
- OpenAI and Microsoft call the lawsuit baseless and challenge Musk’s damages claims, with a jury trial set to proceed. More Quick ReadsTop StoriesOperation Hawkeye Strike in Syria: US says killed terrorist linked to Palmyra attackExclusive | How Jodhpur Polo became the 'Mecca' of Indian poloIran's Khamenei admits for the first time that thousands killed in ongoing anti-government protests'Greenland is already great': Almost 10% of island's population hit streets against TrumpOperation Hawkeye Strike in Syria: US says killed terrorist linked to Palmyra attackExclusive | How Jodhpur Polo became the 'Mecca' of Indian poloIran'.
