US Lets Samsung, SK Hynix Expand Giant Chip Plants in China
- Washington effectively granted the pair an indefinite waiver
- Decision removes uncertainty hanging over memory makers
The Biden administration will allow Samsung Electronics Co. and SK Hynix Inc. to acquire the equipment they need to sustain and expand their giant chipmaking operations in China, a victory for the world’s two biggest memory makers.
Washington has effectively granted the pair an indefinite waiver on broader restrictions banning the shipment of advanced chipmaking gear to China, South Korea’s presidential office said in a statement.