Amid the escalating strategic rivalry between the United States and China, South Korean semiconductor giants are rapidly shifting sales to the U.S. market while reducing dependence on China.
Recent business reports released by Samsung Electronics and SK Hynix showed their sales in China dropped 3.77 percent and 5.39 percent respectively in the third quarter (Q3) compared to the previous quarter (Q2).
The companies’ Q3 sales in China account for 9.64 percent and 25.07 percent of their total, while their Q2 numbers were 13.41 percent and 30.46 percent, respectively.
In terms of dollar amount, Samsung’s Q3 sales in China dropped about $2.2 billion compared to Q2, while SK Hynix’s Q3 in China slumped by about $1.1 billion….