South Korea Firms Get Indefinite Waiver On US Chip Gear Supplies To China (reuters.com) 16
South Korea firms Samsung Electronics and SK Hynix will be allowed to supply U.S. chip equipment to their Chinese factories indefinitely without separate U.S. approvals. Reuters reports: "Uncertainties about South Korean semiconductor firms' operations and investments in China have been greatly eased; they will be able to calmly seek long-term global management strategies," said Choi Sang-mok, senior presidential secretary for economic affairs. The U.S. has already notified Samsung and SK Hynix of the decision, indicating that it is in effect, Choi said.
The U.S. Department of Commerce is updating its "validated end user" list, denoting which entities can receive exports of which technology, to allow Samsung and SK Hynix to keep supplying certain U.S. chipmaking tools to their China factories, the presidential office said. Once included in the list, there is no need to obtain permission for separate export cases. Samsung and SK Hynix, the world's largest and second-largest memory chipmakers, had invested billions of dollars in their chip production facilities in China and welcomed the move.
The U.S. Department of Commerce is updating its "validated end user" list, denoting which entities can receive exports of which technology, to allow Samsung and SK Hynix to keep supplying certain U.S. chipmaking tools to their China factories, the presidential office said. Once included in the list, there is no need to obtain permission for separate export cases. Samsung and SK Hynix, the world's largest and second-largest memory chipmakers, had invested billions of dollars in their chip production facilities in China and welcomed the move.
So It's OK If Korea Sells Our Stuff For Us. (Score:2)
To China. And they can keep making all the junk in the stores. So you have to be U.S. approved before you can sell to Korea in order to get that official cut. And I heard a sheep say 'Moo'.
Re: (Score:3)
Certainly seems accurate on the surface.
I guess this is what you get when US policy makers don't actually have US-centric agendas.
I hope it's somehow wrong, because it really makes no sense to permit a middle-man to outsource chip-tech for manufacturing while blocking the origin from pursuing that same benefit.
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Based.
No mention of reasons for the decision. (Score:4, Insightful)
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Pretty negligent on the part of Reuters, making no effort to examine or even mention the Commerce Department's reasoning for both the original waiver and its extension. That's the heart of the entire matter, and they just pretend it's not there.
Don't keep us in suspense.
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Re: No mention of reasons for the decision. (Score:2)
Thatâ(TM)s because they have no idea what is going on. Itâ(TM)s just news cycle filler. Whoopee.
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Similarly, any govt that implements policies to prevent the world from burning & starving us to death but causes corporations to make less money will be liable to pay them the difference, according to the decisions made by
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It's because it's one thing to shoot your own foot, but quite another to demand putting a bullet in everyone else's foot too. The Korean manufacturers are not going to remain customers of US technology firms for long if they can't export the tech to where their factories are.
Cars and Guns (Score:2)
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This is more like shooting your own foot, then aiming your gun at your friend's foot, and just as you fire your friend pushes the gun away so that it shoots your other foot instead of theirs.
Now not only has China been gifted an inevitable eventual dominance in the industry (because the US forced China to massively invest in chip fab innovation as a national security issue and China has way more people and plenty of money to catch up with), but now South Korea gets to rake in profits in the interim while Ch
tough guy (Score:2)
Tough guy Biden. He sure showed 'em.