US Tightens Grip on High-Tech Exports to China
The U.S. plans to cancel waivers allowing semiconductor technology use in China, impacting major companies like Samsung, SK Hynix, and Taiwan Semiconductor. This move, announced by Jeffrey Kessler from the Commerce Department, aims to enforce stricter licensing, ensuring equal trade processes for U.S. companies operating in China.
A high-ranking U.S. official has notified leading global semiconductor manufacturers about proposed cancellations of waivers, which currently permit the use of American technology in China. This development was reported by the Wall Street Journal, referencing sources familiar with the situation.
Jeffrey Kessler, serving as the under secretary of commerce for industry and security at the U.S. Commerce Department, has communicated with major firms such as Samsung Electronics, SK Hynix, and Taiwan Semiconductor Manufacturing. According to the report, he expressed intentions to revoke these waivers, though Reuters has not independently verified the information.
A spokesperson for the Commerce Department stated that chipmakers will maintain their operations in China. The updated enforcement measures align with existing licensing requirements for other semiconductor companies exporting to China, aiming for equitable and reciprocal regulatory practices in the U.S. market.
(With inputs from agencies.)
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