Samsung gets one-year exemption from new U.S. chip restrictions on China

The U.S. government has recently announced new chip restrictions, which prevent manufacturers from supplying advanced chipset-related equipment to China. Following the new U.S. ban, stocks of related OEMs fell to a record low, while, Samsung just got a one-year exemption from new chip restrictions on China.

According to WallStreetJournal, Samsung has been given a one-year exemption from new U.S. restrictions that prevent exports of advanced chips and related equipment to China. With this, Samsung joined the list of American-allied semiconductor giants that got relief from the ban.

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The report suggests that the Department of Commerce in the U.S. has authorized Samsung to continue receiving chip-production equipment and other items required to maintain its memory-chip production in its two manufacturing sites in China.

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It’s worth mentioning that the South Korean tech giant dominates production of two major types of memory chips—DRAM and NAND flash. The company has a NAND flash memory chip plant in China’s Xi’an and a chip-packaging facility in Suzhou.

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