US Allows Samsung and SK Hynix to Supply Equipment to China Amid Chip Shortage
The US government has agreed to waive export controls that would have prevented Samsung and SK Hynix from supplying equipment to their Chinese factories. The decision, which was announced by the South Korean presidential office on Tuesday, is a major victory for the two South Korean chipmakers, which have invested billions of dollars in China. US Export Controls Aimed to Curb China’s Chip Ambitions The US government imposed the export…