Uncertainty looms for Korean chipmakers in China as US considers ending equipment waivers

Seoul [South Korea], June 24 (ANI): South Korean chipmakers are experiencing tensions over their operations in China, weighed down by reports from Washington, as they consider revoking waivers that have allowed them to bring in American chip equipment for facility upgrades, as reported by the Korea Herald.

Earlier, the waivers were part of the Biden administration’s export controls aimed at restricting China’s access to advanced chip technology. However, to prevent disruptions to global supply chains, major chipmakers like Samsung, SK hynix, and TSMC were granted one-year exemptions.