U.S. Commerce Secretary Howard Lutnick announced a targeted tariff policy designed to force semiconductor manufacturing into the United States.
Companies that build domestic production facilities will receive tariff relief. Firms that do not manufacture locally must pay to access the U.S. market.
Lutnick explicitly named Samsung Electronics and SK hynix as primary targets for this reshoring push. The proposed tariffs may expand from individual chips to finished goods, including laptops and servers.
South Korean officials are currently monitoring the developments for potential economic impacts.