• Samsung’s Chip Production in China Impacted Following Trucker Strike in South Korea: KITA
    TECHNOLOGY

    Samsung’s Chip Production in China Impacted Following Trucker Strike in South Korea: KITA

    Samsung Electronics’ chip production in China is facing disruption from a trucker strike in South Korea which is blocking exports of a key material, the Korea International Trade Association (KITA) said on Tuesday. It is the first concrete sign that the week-long strike is impacting chip production, having already cost South Korean industrial sectors more than $1.2 billion (roughly Rs. 9,400 crore) in lost production and unfilled deliveries. KITA said a Korean company that produces isopropyl alcohol (IPA), a raw material for cleaning chip wafers, is facing complications in shipping to a Chinese company that in turn supplies wafers to a Samsung Electronics factory in China. KITA said in a statement that about…