Temporary approval for Samsung’s Chinese chip structures

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  • A senior Biden administration official said the U.S. tightened export controls on China gave China at least a temporary exemption to keep memory chip manufacturing facilities a week after it limited computer chip capacity.  The official, who spoke on condition of anonymity because he was not authorized to comment, said the tech giant has licensed the equipment it needs to maintain existing facilities, but has allowed the export of banned chips.

Just last week, Samsung Electronics reported a worse-than-expected 32% decline in operating profit for the quarter. the economic slowdown has significantly reduced demand for electronic devices and the memory chips they contain.

Samsung has acquired a temporary license. Samsung is based in South Korea. Beijing recently blasted the US over tightening export controls that make it difficult to procure and manufacture advanced computer chips, calling the US “isolating and backfiring” for violating international economic and trade rules.  The US said the export controls were added as part of its ongoing effort to protect US national security and foreign policy interests.

US-China relations have deteriorated in recent years over technology and security issues. The United States has introduced a series of measures and restrictions to prevent China from acquiring chip technology, while China has allocated billions of dollars to invest in semiconductor production.

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