US government has granted indefinite waivers to South Korean technology giants, Samsung Electronics and SK Hynix
In a landmark move, the United States government has granted indefinite waivers to South Korean technology giants, Samsung Electronics and SK Hynix, allowing them to supply US-made chip equipment to their Chinese factories without the need for separate US approvals.
The US had previously imposed stringent restrictions on China’s access to semiconductor technology due to national security concerns, tightening these controls in August 2022. This decision to grant indefinite waivers not only stabilizes the global semiconductor supply chain, vital for electronics and telecommunications, but also carries significant geopolitical implications, involving the US, South Korea, and China in the context of the global technology and semiconductor industry.
The Biden administration’s decision to grant these waivers represents a shift in US policy, reflecting a more nuanced approach to semiconductor exports to China. For Korean chip companies, this decision not only solidifies their position as key suppliers but also provides them with the confidence to plan long-term investments and capital spending in China, reducing uncertainties that previously hindered their strategic planning.
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