U.S. eases chip curbs on Chinese-based South Korean factories

Published October 09,2023

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The U.S. has determined to allow exports of semiconductor manufacturing gear to Samsung Electronics and SK Hynix factories in China with out requiring a separate approval course of, Seoul’s presidential workplace stated on Monday.

“The U.S. government’s decision means that the most significant trade issue of our semiconductor companies has been resolved,” South Korea‘s senior presidential secretary for financial affairs informed a press briefing.

This resolution comes as vital aid for the Korean chipmakers, Seoul-based Yonhap News reported.

Last October, the U.S. launched a collection of laws aimed toward limiting exports of particular superior semiconductor manufacturing gear and items to Chinese corporations.

This transfer was seen as an effort to impede Beijing’s progress within the essential expertise sector.

Samsung Electronics and SK Hynix have been granted a one-year waiver at the moment attributable to considerations that these restrictions may disrupt their operations in China.

However, the brand new resolution eliminates uncertainties surrounding their chip manufacturing in China, which depends partly on U.S. gear.