China is investigating foreign chipmakers

Major chipmakers from South Korea and the United States are under investigation by Chinese authorities.South K...

Posted: Jun 5, 2018 12:26 PM
Updated: Jun 5, 2018 12:26 PM

Major chipmakers from South Korea and the United States are under investigation by Chinese authorities.

South Korea's Samsung and SK Hynix and their US rival Micron said that investigators from China's State Administration for Market Regulation visited their offices in China on May 31.

A spokesman for SK Hynix said the investigation is over suspected price fixing. Samsung and Micron -- which is based in Boise, Idaho -- did not comment on the subject of the investigation.

The companies said they are cooperating with authorities.

The Chinese government hasn't commented on the investigation. The State Administration for Market Regulation on Tuesday referred a request for comment to the Commerce Ministry, which in turn referred the request back to the regulator.

Bernstein analyst Mark Newman said Beijing may be worried about the rising price of memory chips.

"[The price increase] is causing some concern from China as their domestic [smartphone] handset makers get hurt by the high prices," Newman said.

"China may also be using this price concern as a way to put pressure on the memory makers to share their [intellectual property]," he added.

Related: How China plans to beat the U.S. at technology

China purchases an estimated 90% of its semiconductors from foreign companies for use in everything from smartphones to automobiles.

Demand in the country, which already purchases more than 60% of the world's chips, is expected to increase from $350 billion in 2016 to $500 billion by 2020, according to McKinsey.

The Chinese government wants to develop its own chip industry, and it has tried to buy stakes in US chipmakers at least twice. Both attempts were blocked by US authorities.

The country has been locked in a dispute with the United States over technology for months. The biggest flashpoint is Chinese smartphone maker ZTE, which has been banned from buying parts, including chips, from American companies.

Related: Trade war: What you missed at the weekend

The White House has said it will impose tariffs on about $50 billion worth of Chinese goods following an investigation into the country's handling of technology transfers and intellectual property.

-- Yoonjung Seo, Sherisse Pham, Serenitie Wang and Steven Jiang contributed reporting.

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 245847

Reported Deaths: 5356
CountyCasesDeaths
DeSoto16717168
Hinds15748310
Harrison12806188
Rankin10334204
Jackson9996172
Lee8666135
Madison7994158
Jones6112108
Forrest5826117
Lauderdale5672174
Lowndes5186106
Lafayette482792
Lamar471162
Washington4700122
Bolivar3915105
Oktibbeha384279
Panola357274
Pontotoc356552
Monroe3463101
Union334755
Warren334692
Marshall333264
Neshoba3310149
Pearl River313891
Leflore2969104
Lincoln290185
Sunflower275868
Tate264759
Alcorn257850
Itawamba257058
Pike254876
Hancock246957
Prentiss240047
Scott238743
Copiah235649
Yazoo235054
Tippah233845
Simpson230166
Leake226764
Coahoma219054
Grenada213970
Covington207171
Marion203371
Adams200065
Winston196260
George195937
Wayne193029
Attala190958
Newton185142
Chickasaw179943
Tishomingo179059
Holmes167467
Jasper163533
Clay155632
Stone138818
Tallahatchie137033
Clarke135160
Calhoun132021
Smith117322
Yalobusha112534
Walthall110536
Noxubee108922
Greene108229
Montgomery107134
Carroll102320
Lawrence99817
Perry98631
Amite95725
Webster90024
Claiborne84125
Tunica84021
Jefferson Davis82925
Humphreys80324
Benton79722
Kemper75620
Quitman6678
Franklin64613
Choctaw59412
Wilkinson57424
Jefferson52019
Sharkey42317
Issaquena1576
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Alabama Coronavirus Cases

Cases: 414583

Reported Deaths: 5945
CountyCasesDeaths
Jefferson60842887
Mobile29590538
Madison26466183
Tuscaloosa20537267
Montgomery18562304
Shelby18181112
Baldwin15841177
Lee1212097
Morgan12002112
Etowah11488142
Calhoun10863197
Marshall10048106
Houston8405123
Cullman792294
Limestone785073
Elmore7670101
DeKalb757282
St. Clair7417120
Lauderdale740282
Talladega6036108
Walker5834176
Jackson571937
Colbert522270
Blount521980
Autauga507555
Coffee431456
Dale388278
Franklin362145
Chilton332965
Covington325567
Russell318910
Escambia309842
Dallas297988
Chambers275769
Clarke272933
Tallapoosa2591107
Pike245829
Lawrence239345
Marion238649
Winston222535
Bibb211347
Geneva196331
Marengo196329
Pickens195331
Hale172542
Barbour169636
Butler166958
Fayette164026
Cherokee158330
Henry149219
Monroe143617
Randolph137635
Washington135426
Clay124446
Crenshaw117444
Lamar116819
Cleburne115123
Macon111935
Lowndes107935
Wilcox99921
Bullock97128
Perry95019
Conecuh92820
Sumter89126
Greene75123
Coosa59814
Choctaw50824
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