to China. I strongly recommend the ban to be put in place.US allows Samsung and SK Hynix to expand their chip plants in China in key concession to South Korea
- US concession means Hynix and Samsung can import advanced US machinery that would otherwise be prohibited from entering China
- Hynix warned in 2022 that escalating chip curbs could force the closure or sale of a major plant in China in a worst-case scenario
Bloomberg
Published: 9:04pm, 9 Oct, 2023
The Biden administration will allow Samsung Electronics and SK Hynix to acquire the equipment they need to sustain and expand their giant chip-making operations in China, a victory for the world’s two biggest memory makers.
Washington has effectively granted the pair an indefinite waiver on broader restrictions banning the shipment of advanced chipmaking gear to China, South Korea’s presidential office said in a statement on Monday.
The US concession means Hynix and Samsung are free to import advanced American machinery that would otherwise be prohibited from entering China, but are crucial in allowing the Korean industry leaders to operate in the world’s biggest chip arena over the longer term.
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Related link: US allows Samsung and SK Hynix to expand their chip plants in China in key concession to South Korea
