SEOUL, Sept 27 — The US is expected to indefinitely extend a waiver granted to South Korean chipmakers Samsung Electronics and SK Hynix on needing licenses to bring US chip...
SEOUL, Sept 27 — The US is expected to indefinitely extend a waiver granted to South Korean chipmakers Samsung Electronics and SK Hynix on needing licenses to bring US chip equipment into China, Yonhap news agency reported today.
Last year, the chipmakers had received authorisation from the US Commerce Department to supply equipment needed for chip production in China for a year without seeking additional licenses. The Department of Commerce had been in discussions with Samsung and SK Hynix to designate equipment that can be brought into their Chinese production lines taking into consideration the companies’ future plans, as equipment upgrades are also needed to enable business in the next few years, Yonhap reported.
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