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Chip war: Micron aggressions matter less to Samsung than ebbing demand

Gloomy growth forecast will overhang stock prices more than Sino-US trade spat

Call it in-flight diplomacy. The US wants to recruit South Korea as a chip war ally. The effort began before President Yoon Suk Yeol’s plane had even landed in Washington for a state visit.

The White House wants Yoon to discourage chipmakers from filling any supply gap in China if Beijing bans chips made by Micron of the US. The request underlines South Korea’s position as a technological frontier state.

Investors in South Korean chipmakers fear deeper embroilment in the battle between Beijing and Washington. They are right to do so. But the spat over Micron is not financially material to them.

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