Samsung, SK Hynix shares fall as U.S. tightens China chip-making rules
The post Samsung, SK Hynix shares fall as U.S. tightens China chip-making rules appeared on BitcoinEthereumNews.com. Samsung Electronics and SK Hynix shares plummeted on Monday in the wake of revised rulings on critical semiconductor shipping requirements from the U.S. The new ruling also makes it harder for the world’s largest memory chipmakers to ship their equipment to their giant Chinese operations. At the time of publication, Samsung shares slid more than 3% in the last 24 hours to 67,600 KRW. SK Hynix shares also dropped nearly 5% during the same period to 256,250 KRW. U.S. ruling impacts sales of semiconductor equipment to China The Department of Commerce’s Bureau of Industry and Security said it does not intend to grant licenses to expand capacity or upgrade technology at fabs in China. Both Samsung and SK Hynix have several memory plants in Korea, while Beijing also accounts for a major slice of both Korean companies’ global output. Samsung manufactures nearly 40% of its total NAND flash memory chips at its production plant in Xi’an, Shaanxi. SK Hynix also produces 20% of its NAND flash chips in Dalian, Liaoning, and roughly 40% of its DRAM in Wuxi, Jiangsu. In 2023, the former-President Biden’s administration granted the duo the ability to operate in China under regulations allowing them to import semiconductor equipment without applying for a new license. The Trump administration seeks to overturn what’s known as the validated end user (VEU) rules. The Commerce Department said on Friday that the companies will now need to obtain licenses to export their technology to China, but will not be granted licenses to expand capacity or upgrade technology. As recently reported by Cryptopolitan, both firms have 120 days until the waiver expires. “The Trump administration is committed to closing export control loopholes – particularly those that put U.S. companies at a competitive disadvantage.” –Jeffrey Kessler, Under Secretary of Commerce for Industry and…
The post Samsung, SK Hynix shares fall as U.S. tightens China chip-making rules appeared on BitcoinEthereumNews.com.
Samsung Electronics and SK Hynix shares plummeted on Monday in the wake of revised rulings on critical semiconductor shipping requirements from the U.S. The new ruling also makes it harder for the world’s largest memory chipmakers to ship their equipment to their giant Chinese operations. At the time of publication, Samsung shares slid more than 3% in the last 24 hours to 67,600 KRW. SK Hynix shares also dropped nearly 5% during the same period to 256,250 KRW. U.S. ruling impacts sales of semiconductor equipment to China The Department of Commerce’s Bureau of Industry and Security said it does not intend to grant licenses to expand capacity or upgrade technology at fabs in China. Both Samsung and SK Hynix have several memory plants in Korea, while Beijing also accounts for a major slice of both Korean companies’ global output. Samsung manufactures nearly 40% of its total NAND flash memory chips at its production plant in Xi’an, Shaanxi. SK Hynix also produces 20% of its NAND flash chips in Dalian, Liaoning, and roughly 40% of its DRAM in Wuxi, Jiangsu. In 2023, the former-President Biden’s administration granted the duo the ability to operate in China under regulations allowing them to import semiconductor equipment without applying for a new license. The Trump administration seeks to overturn what’s known as the validated end user (VEU) rules. The Commerce Department said on Friday that the companies will now need to obtain licenses to export their technology to China, but will not be granted licenses to expand capacity or upgrade technology. As recently reported by Cryptopolitan, both firms have 120 days until the waiver expires. “The Trump administration is committed to closing export control loopholes – particularly those that put U.S. companies at a competitive disadvantage.” –Jeffrey Kessler, Under Secretary of Commerce for Industry and…
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