US ALLOWS SAMSUNG AND SK HYNIX TO KEEP GETTING US TOOLS IN CHINA
- NEWS Desk Global
- Oct 13, 2023
- 1 min read
The United States gave permission for South Korea's SK Hynix (000660.KS) and Samsung (005930.KS) to keep receiving certain U.S. chipmaking tools at their Chinese plants, the Commerce Department said in a statement on Friday.
The authorization allows them to continue their Chinese chipmaking operations without the headache of applying for U.S. licenses to get new equipment, after new rules issued last October curbed Chinese chipmakers' access to the coveted tools.
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