The broader goal would be to increase global chip production and help bring chip prices down without hurting chipmakers’ profitability
The world’s biggest maker of memory chips, smartphones and televisions has suffered due to rock-bottom memory chip prices
The import restriction adds to longstanding measures designed to discourage bringing in foreign electronics
The reins are now set to pass to his only son Jay Y. Lee, who’s been the conglomerate’s de facto leader since his father’s hospitalisation in 2014