A factory in Guangzhou specializing in printed circuit boards (PCBs) for semiconductors recently announced its closure due to COVID-19 and economic challenges. This factory, once affiliated with Samsung and Sony, faced reduced orders from key customer YMTC. The U.S. export controls on semiconductor equipment have further impacted Chinese semiconductor companies. Japan and the Netherlands have also joined in restricting exports to China. This situation may affect Korean companies with factories in China, like Samsung and SK Hynix. The European Union is considering reducing its dependence on Chinese raw materials for electric vehicles and batteries, impacting Korean companies operating in Europe.
Here are the key facts extracted from the provided text:
1. There is a factory in Guangzhou specializing in PCB production for semiconductors.
2. The factory announced its closure after 29 years, formerly affiliated with Samsung and Sony.
3. Impact of COVID-19 and a deteriorating economic environment led to the closure.
4. Negotiations for worker compensation are underway but facing difficulties.
5. YMTC, China's largest memory semiconductor company, reduced orders from AMCO.
6. 4,000 workers went on vacation due to reduced orders.
7. AMCO is currently expanding its factory.
8. The U.S. banned the export of cutting-edge semiconductor equipment.
9. The ban affected YMTC and resulted in layoffs.
10. The China Semiconductor Industry Association claimed U.S. sanctions damaged the semiconductor industry.
11. 59,000 new companies were created, but growth slowed down.
12. Wuhan Hongsin Semiconductor couldn't produce semiconductors in 2021.
13. A factory in Nanjing, Lanwei Semiconductor Factory, faced liquidation.
14. Longevity Berkerma changed its name to The Huai and was eventually sold at auction.
15. The U.S. plans to control exports to China in supercomputing and AI fields.
16. Korean companies with factories in China are concerned about these measures.
17. Japan and the Netherlands joined the U.S. export control strategy.
18. U.S. may increase export restrictions against China in the future.
19. The European Union is considering the Core Raw Materials Act to reduce dependence on China for raw materials.
20. Korean secondary battery and vehicle companies targeting the European market are affected.
21. LG Energy Solutions, SK On, and Hyundai Motor Group are among the companies impacted.
Please note that these facts have been extracted from the provided text and do not include opinions or interpretations.