(LEAD) U.S. eases export controls on chip equipment for Samsung, SK factories in China | Yonhap News Agency
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The Korea Times Oct 10 23
Samsung, SK relieved over US easing export controls on chip making equipment : Samsung Electronics and SK hynix welcomed Washington’s decision to indefinitely ...
koreatimes.co.kr/www/tech/2023/10/133_360842.html
The Korea Times Oct 10 23
US eases export controls on chip manufacturing equipment for Samsung, SK factories in China
koreatimes.co.kr/www/tech/2023/10/419_360768.html
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Summary created with AI assistance · Source: bloomberg.com
Summary created with AI assistance · Source: bloomberg.com
- Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. are considering establishing new factories in the United Arab Emirates to meet the rising demand for AI computing.
- Executives from TSMC have visited the UAE to discuss a potential plant complex, while Samsung has also engaged in talks about new operations there.
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- Third quarter operating profit increased by 262.6% compared to the previous year, signaling the end of the memory chip glut.
- Samsung estimated third-quarter revenue to be 67 trillion Korean won and operating profit to be 2.4 trillion won.
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Key FactsSamsung and SK Hynix granted indefinite waivers for shipping US chip equipment to their Chinese factories
Oct 10, 2023 · Reading time: ~30 sec.
Summary created with AI assistance · Source: cnbc.com
Summary created with AI assistance · Source: cnbc.com
- Samsung and SK Hynix will now be allowed to ship US semiconductor manufacturing equipment to their Chinese factories indefinitely, according to Yonhap News Agency.
- Previously, they obtained one-year waivers to import advanced tools for their Chinese plants.
- The US government's decision resolves the most significant trade issue for our semiconductor companies.
- China accounts for 40% of Samsung's flash memory chips (NAND) production capability.
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Key FactsFormer Samsung Executive Accused of Replicating Chip Plant in China
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Summary created with AI assistance
Summary created with AI assistance
- A former executive of Samsung Electronics allegedly stole blueprints and designs in an attempt to replicate a semiconductor plant in China.
- The person was arrested for stealing trade secrets from 2018 to 2019 in order to reproduce a chip plant in Xi'an.
- The accused received funding from an undisclosed Taiwanese company.
- The case has the potential to cause tension between Korea and Taiwan, two significant centers for chipmaking and US allies supporting Washington's efforts to limit China's chipmaking ambitions.
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