South Korea’s ruling party proposed a special chips act on Monday to give chipmakers subsidies and an exemption from a national cap on working hours, to tackle potential risks from measures threatened by incoming U.S. President Donald Trump.
The semiconductor industry is critical for the trade-dependent economy, Asia’s fourth biggest, with chips making up 16% of total exports last year.
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Australian Deputy Prime Minister and Minister for Defence Richard Marles, Japanese Minister of Defense Nakatani Gen, and United States Secretary…
