A factory in Guangzhou specializing in printed circuit boards (PCBs) for semiconductors recently closed after 29 years due to COVID-19 and economic challenges. It had ties to Samsung and Sony but lost business from China's YMTC. The U.S. imposed semiconductor sanctions on China, affecting its industry. Japan and the Netherlands joined these measures, impacting Korean companies with Chinese factories. The U.S. plans to tighten export controls on China, raising concerns for Korean firms. The EU aims to reduce reliance on China for key materials in electric vehicles and batteries, affecting Korean companies like LG and SK.
Sure, here are the key facts extracted from the text:
1. There is a factory in Guangzhou specializing in producing printed circuit boards (PCBs) for semiconductors.
2. The factory announced its closure after 29 years of operation.
3. The factory was once affiliated with Samsung and Sony.
4. COVID-19 and economic challenges led to the closure of the factory.
5. Negotiations for compensation with workers are ongoing.
6. YMTC reduced its orders to the factory, resulting in 4,000 workers going on vacation.
7. AMCO is expanding its factory amid rumors of suspension and layoffs.
8. The U.S. Department of Commerce banned the export of cutting-edge semiconductor equipment.
9. About 10% of YMTC's employees were laid off due to sanctions.
10. Japan and the Netherlands joined the U.S. measures to control China's semiconductor industry.
11. The U.S. is preparing measures to control exports to China in the supercomputer and AI fields.
12. Korean companies with factories in China are concerned about these measures.
13. The United States intends to prevent China from producing advanced semiconductors.
14. China criticized the U.S. for politicizing science and technology and trade.
15. Predictions suggest the U.S. may increase export restrictions against China.
16. The European Union plans to reduce dependence on imports of core materials for electric vehicles and batteries from China.
17. The goal is to achieve more recycling of these materials.
18. Korean secondary battery and vehicle companies targeting the European market will be affected.
19. There are concerns about unfavorable information in the legislative process.
Please note that these facts are presented in the order they appeared in the text.