China vows to fairly handle antitrust probe into S. Korean chipmakers

SEJONG, China’s vice premier said Friday that China will handle its antitrust probe into Samsung Electronics Co. and SK hynix Inc. according to a fair procedure and in line with its laws, South Korea’s finance ministry said.

Hu Chunhua made the comments in a meeting with his South Korean counterpart, Hong Nam-ki, on the sidelines of an international forum on China’s ambitious Belt and Road Initiative in Beijing.

His comments came after Hong said the ongoing probe, if carried out fairly, could be a big help to South Korean companies operating in China.

Semiconductors are a key export product in South Korea, home to Samsung Electronics, the world’s largest memory chip maker, and its smaller rival, SK hynix.

Samsung’s sales of dynamic random-access memory (DRAM) chips came to $43.75 billion in 2018, taking up 43.9 percent of the world market, according to DRAMeXchange.

SK hynix came in second with $29.41 billion, posting a global market share of 29.5 percent. U.S chipmaker Micron Technology placed third with a 22.1 percent share.

The market shares of Samsung Electronics and SK hynix in DRAM chips came to 35 percent and 30 percent in China in 2018, respectively.

Samsung Electronics and SK hynix both declined to comment on Hu’s remarks.

Source: Yonhap news Agency

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