US Demands Share of Korean Chipmakers' AI Boom Profits

Deputy USTR Rick Switzer told Korea's Trade Minister that the US deserves a share of Samsung Electronics and SK Hynix's massive AI chip profits, citing strong US demand for Korean semiconductors. The demand coincides with a domestic Korean debate over whether chipmakers should redistribute so-called excess profits to subcontractors, suppliers, and the public through mechanisms like a national wealth fund or public dividends.

Why it matters: Despite Samsung and SK Hynix pledging a combined 4,755 trillion won ($3.05 trillion) in semiconductor and AI infrastructure investments, the Korean government plans to begin formal public discussions on profit-sharing within a month.