South Korea Firms Get Indefinite Waiver On US Chip Gear Supplies To China

South Korea firms Samsung Electronics and SK Hynix will be allowed to supply U.S. chip equipment to their Chinese factories indefinitely without separate U.S. approvals. Reuters reports: "Uncertainties about South Korean semiconductor firms' operations and investments in China have been greatly eased; they will be able to calmly seek long-term global management strategies," said Choi Sang-mok, senior presidential secretary for economic affairs. The U.S. has already notified Samsung and SK Hynix of the decision, indicating that it is in effect, Choi said. The U.S. Department of Commerce is updating its "validated end user" list, denoting which entities can receive exports of which technology, to allow Samsung and SK Hynix to keep supplying certain U.S. chipmaking tools to their China factories, the presidential office said. Once included in the list, there is no need to obtain permission for separate export cases. Samsung and SK Hynix, the world's largest and second-largest memory chipmakers, had invested billions of dollars in their chip production facilities in China and welcomed the move.

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