In recent years, South Korea and Japan have followed in the footsteps of the United States and have taken measures against Chinese chips. In particular, Japan has followed the United States to restrict the export of 23 types of chip equipment to China, which has led to a continuous decline in Japan's trade with China. Japan has already changed from a trade surplus country to a trade As a deficit country, South Korea recently turned from a trade surplus with China to a deficit for the first time.
Japan has been a country with a trade surplus for decades, but since three years ago, it has followed in the footsteps of the United States and has continuously increased restrictions on the export of chip equipment to China, which directly led to a decline in its exports to China. Recently, Japan has restricted 23 types of chips to China. After equipment, it further exacerbated its trade deficit.
Japan's electromechanical equipment with China has turned from a surplus in the early years to a deficit; it is also unable to compete with Chinese home appliances in terms of household appliances, which has led to the shrinking of Japan's home appliance industry. Recently, it has been reported that Panasonic has transferred home appliance manufacturing back to Japan due to the shrinking business in China. , This has led to high manufacturing costs for Panasonic's home appliances, and further weakened its global competitiveness; chip equipment, which originally had advantages, is also rapidly declining.
Japan's suicide behavior directly caused Japan to change from a surplus country to a deficit country two years ago. In the first two months of this year, Japan's trade deficit reached 33.3 billion U.S. dollars, an increase of 33% year-on-year. Exports to China will further decline, and the trade deficit will hit a record high.
For South Korea, China has brought huge income to South Korea for more than 20 years. Since 2003, China has surpassed the United States to become South Korea's largest export destination. South Korea's exports to China are equivalent to those of the United States, Japan, Europe and other economies. The sum of exports, South Korea's trade with China has been in surplus for nearly 20 years.
Chips are one of the most powerful high-tech industries in South Korea. Samsung and SK Hynix are the world's top two memory chip companies. Even though Samsung has failed in the Chinese market in mobile phones and TVs, it has provided storage for Chinese mobile phone companies. The chip and TV industries still earn 260 billion yuan in revenue from China every year, which shows the importance of the Chinese market to South Korea.
In the face of such an important market as China, South Korea’s attitude has been repeated. After China’s measures against Micron this year, the United States asked South Korea not to expand chip exports to China. South Korea lost opportunities in vain, which directly led to South Korea’s first trade surplus with China. become a deficit.
Instead of affecting Chinese chips, the practices of South Korea and Japan have accelerated the development of Chinese chips. After Japan restricted the export of photoresist and other chip materials to China, China's Bokang and Nanda Optoelectronics quickly developed advanced photoresists. Nanda Optoelectronics is already testing 5nm photoresist, and Bokang has mastered 80% of photoresist Patents, China is accelerating the replacement of Japanese chip materials.
South Korea did not follow the request of the United States and did not expand its supply of chips to China. In fact, China's memory chips are speeding up to seize the domestic market. China's memory chip technology has reached 232 layers, which was once ahead of South Korea and the United States. The price of domestic memory chips is higher than that of South Korea and the United States. Memory chips are much lower, and Samsung and Micron have stopped the chip price war.
Now South Korea is even more worried that its dominant OLED panel industry will be defeated by China again. It plans to subsidize Samsung and LGD with trillions of won to accelerate their research and development of more advanced QD-OLED and microLED panel technologies to ensure that South Korea's panel industry continues to maintain Competitiveness.
It can be seen that Japan and South Korea following the United States will not have a great impact on the development of China's high-tech industry. On the contrary, they themselves are suffering huge losses. The consequences of throwing stones at one's own feet.