Kwon Tae-shin, Vice Chairman of FKI, Discusses Cooperation on Chip4 and More with US Semiconductor Association

Jimmy Goodrich, Vice President of the Semiconductor Industry Association, and Kwon Tae-shin, Vice Chairman of the Federation of Korean Industries, Visit

[Asia Economy Reporter Kim Pyeonghwa] Kwon Tae-shin, Vice Chairman of the Federation of Korean Industries (FKI), met with Jimmy Goodrich, Vice President of Global Policy at the Semiconductor Industry Association (SIA) in the United States, at the FKI headquarters on the 5th to discuss Korea-US semiconductor cooperation including the Chip4 alliance.

Vice President Goodrich has been overseeing global policies such as trade, export controls, and supply chains at SIA since 2015. He is an expert in Asian and global policies, having served as Director of China Policy at the Information Technology Industry Council (ITI) in the US. Originally, John Neuffer, President of SIA, was scheduled to visit, but due to schedule adjustments, Vice President Goodrich attended instead.

Vice Chairman Kwon and Vice President Goodrich discussed recent issues in the US semiconductor industry, including the Chip4 alliance, and the global trade environment, deliberating on strengthening their cooperative relationship.

Vice Chairman Kwon emphasized, "South Korea is in a difficult position between the huge market of China and its ally, the United States. Nevertheless, in advanced industries such as semiconductors, the two countries must maintain an important partnership to secure global competitiveness through cooperation.”

He also stated, "Although there are concerns about the role of the World Trade Organization (WTO) recently, it becomes clear that private sector roles, such as those of FKI and SIA, are crucial to resolving global industrial regulations and trade barriers. Following the joint ITA letter in May, there will be many opportunities for FKI and SIA to collaborate on Korea-US semiconductor cooperation going forward.”

Earlier, FKI and SIA participated in a joint letter in May urging the WTO to revise the Information Technology Agreement (ITA). The WTO is discussing revisions to the ITA, which aims to eliminate tariffs on key information and communication technology (ICT) products and components such as computers and semiconductors between countries. SIA is advocating for expanding the scope of ITA-covered items and is engaging in joint actions with global economic and industrial organizations.

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