South Korea to 'Consider Joining' Chip 4 Alliance, Report Says

South Korea may be preparing for more involvement next year in a new U.S.-proposed alliance of advanced semiconductor manufacturing and producing nations, the Korea Herald said in a Dec. 27 report. “South Korea [in 2023] will consider joining the ‘Fab 4’ alliance of semiconductor powerhouses,” also known as the Chip 4 alliance, which would look to increase trade and supply chain cooperation among South Korea, Japan, Taiwan and the U.S., the report said. The Korea Herald, citing a recent report from South Korea’s Ministry of Trade, Industry and Energy, said “the envisioned alliance would cover all major areas of the chips value chain.” Taiwan in October said the countries in Chip 4 have held at least one preparatory meeting but haven't set a formal agenda or scheduled an official first session (see 2210050009).