US Demands Share of Korean Chipmakers' AI Profits

US seeks share of Korean chipmakers' 'excess profits'

The US is reportedly asking for a cut of the massive profits made by Samsung Electronics and SK hynix from the global AI chip boom. Deputy US Trade Representative Rick Switzer argued that American companies deserve a share since their huge purchases drove these earnings. This claim adds tension to ongoing debates about profit distribution while Korean exports to the US hit record highs.

"If the Korean chipmakers' partner firms in Korea are entitled to parts of the profits, the American ones are, too."