US eases export controls on chip equipment for Samsung, SK factories in China
The United States has decided to allow exports of its semiconductor manufacturing equipment to Samsung Electronics and SK hynix factories in China without a separate approval process, the presidential office said Monday, a much-needed relief to the Korean chipmakers.
The US government has designated Samsung Electronics and SK hynix's chip factories in China as "verified end users (VEU)," which would reduce the licensing burden on them by allowing U.S. exporters to ship designated items to preapproved entities.
"The US government's decision means that the most significant trade issue of our semiconductor companies has been resolved," Choi Sang-mok, senior presidential secretary for economic affairs, said during a briefing.
The US government has already notified its decision to the two South Korean companies, and it takes effect immediately, according to Choi.
In October last year, the US announced a set of rules that restrict exports of certain advanced semiconductor manufacturing equipment and items to companies in China in an apparent bid to slow Beijing's technological advances in the key sector.
Samsung Electronics and SK hynix received a one-year waiver amid concerns that the move would disrupt their businesses in China, but the latest decision clears uncertainties over their chip production in China, which partly relies on US equipment.
Samsung, the world's largest memory chip maker, runs a chip manufacturing plant in the Chinese city of Xian, which accounts for some 40 percent of its global NAND flash production. In Suzhou, the chipmaker runs a semiconductor packaging factory.
Its smaller rival SK hynix currently operates multiple plants in China, including one in the eastern city of Wuxi, where it manufactures about half of its global DRAM chips. (Yonhap)
(责任编辑:커뮤니티)
下一篇:S. Korean diplomat discusses NK human rights with US envoy
- ·Le Sserafim to release first English single 'Perfect Night'
- ·Korean economy expected to grow by 2.1% in 2024: Hana Institute
- ·S. Korea signs consortium deal with Canada, Italy for nuclear reactor refurbishment in Romania
- ·Choo calls for end to protectionism, supply chain recovery during G20 meeting
- ·Le Sserafim becomes house ambassadors for Louis Vuitton
- ·Biden says Hamas must be eliminated, US officials warn war could escalate
- ·First lady meets haenyeo, expresses respect, gratitude
- ·[New on the Scene] Kim Seong
- ·문재인 "부동산 정책, 초유 상황에 실책…신뢰 잃어 뼈아프다"
- ·MBK chairman makes donation to promote Korean art at New York's Met
- ·Seoul shares close tad higher ahead of key US jobs data
- ·Questions remain after passage of anonymous birth bill
- ·Foreigners ditch sluggish Korean stocks
- ·Another suspect of Tajik duo behind S. Korean money exchange robbery nabbed
- ·Seoul shares close tad higher ahead of key US jobs data
- ·Enjoying Halloween in Itaewon sparks debate online
- ·Stray Kids to release new album 'Rock
- ·Voter interest reaches all
- ·Posco on brink of strike for first time
- ·S. Korea, US, Japan install trilateral communication hotline amid N. Korea, China challenges
- ·Hyundai’s decadeslong support for archery pays off at Asian Games
- ·Ive kicks off first world tour, 'Show What I Have'
- ·Tapas bar explores modern interpretations of kimchi
- ·Reeling from election loss, ruling party picks new leader posts
- ·김건희, 제주도서 갈치 시식하며 “수산물 소비 활성화 최선”