According to the latest report from Bloomberg, South Korea said that after the US Department of Commerce requires companies in the supply chain to provide chip inventory and sales information, South Korean technology companies will provide the United States with some semiconductor data.
South Korea’s Ministry of Finance said in a statement on Sunday that South Korean companies are preparing to “voluntarily submit” relevant information, adding that South Korean technology giants have been negotiating with the United States on the scope of data submissions.
In September, the US Department of Commerce required companies in the semiconductor supply chain to fill out a questionnaire before November 8 to obtain information about ongoing chip shortages. Although the request is voluntary, U.S. Secretary of Commerce Gina Raimundo warned industry representatives that if they do not respond, the White House may invoke the National Defense Production Act or other tools to force them to do it.
In the questionnaire, chip manufacturers were asked to comment on inventory, backlog, delivery time, purchasing practices, and the work they did to increase production. The U.S. Department of Commerce also requires information about major customers for each product.
The U.S. request caused domestic controversy in South Korea. Critics condemned the U.S. request for commercial secrets. Previously, local reports stated that South Korean technology companies would only “partially comply” with information requirements.
The South Korean Ministry of Finance said on Sunday that the South Korean government will “continue high-level communication” to consolidate its semiconductor supply chain partnership with the United States.




