The Korea Times reported that Lee Jae Yong, vice chairman of Samsung Electronics, is actively taking the lead in taking action to reduce the heavy reliance on high-tech parts and equipment produced by Japanese companies. Previously, the Japanese government imposed long-term export controls on these parts and equipment.
Since Japan imposed export controls on high-tech materials exported to South Korea in July 2019, South Korea has increased its support for its high-tech materials, parts and equipment companies.
Lee Jae Yong inspected the production line of Samsung Electronics’ main contractor Semes in Cheonan, Chungcheongnam-do on Tuesday. Semes manufactures semiconductor and display manufacturing equipment. One year after the implementation of export controls, Samsung Electronics has begun to take action to enhance the competitiveness and self-sufficiency of the country’s semiconductor industry by strengthening cooperation with domestic chip-related companies and research institutions.
The company said that this shows that Samsung is eager to achieve joint growth with subcontractors and academic and research institutions. At present, South Korea is trying to cultivate its own semiconductor industry and avoid any difficulties in purchasing chip manufacturing materials, components and equipment.