ANALYSIS: South Korea, Netherlands to Establish ‘Semiconductor Alliance’ and Reduce Reliance on China

Published on December 19, 2023

News Analysis In a landmark move to mitigate dependency on China’s supply chain, South Korean President Yoon Suk-yeol and Dutch Prime Minister Mark Rutte announced the formation of a “semiconductor alliance” on Dec. 13. This historic alliance, aimed at bolstering semiconductor competitiveness and addressing supply chain challenges, marks South Korea’s latest strategic partnership in the sector, following collaborations with the United States and Japan. The Netherlands—recognized for its robust semiconductor equipment capabilities—emerges as a key ally in this initiative. Mr. Yoon embarked on a four-day state visit to the Netherlands on Dec. 11, marking the first visit by a South Korean president since the countries established diplomatic ties in 1961....

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