News
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.
Join Sammy Fans on Telegram
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.
Follow Sammy Fans on Google News
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.
Read the article mentioned below, for more details ->
Samsung stocks slips as the US limits China’s access to semiconductor