The U.S. has decided to revoke existing waivers that allowed Samsung, SK Hynix, and TSMC to use technology at their factories in China. This decision may significantly affect the global semiconductor industry.
Revocation of Waivers and Reasons
The U.S. Department of Commerce announced the decision to cancel waivers for these companies to use U.S. technology in China. This reflects the growing tension between the U.S. and China and follows previous actions aimed at restricting semiconductor exports to China.
Market Reaction and Long-Term Consequences
Following the announcement, U.S. chip equipment manufacturers experienced notable stock declines: KLA Corp down 3.8%, Lam Research down 4.7%, and Applied Materials down 3.8%. These movements indicate market uncertainty. Cryptocurrencies have not shown significant volatility in response to this news.
Statement from U.S. Commerce Official
Jeffrey Kessler, Under Secretary of Commerce for Industry and Security, stated, "Chipmakers will still be able to operate in China. The new enforcement mechanisms on chips mirror licensing requirements that apply to other semiconductor companies that export to China and ensure the United States has an equal and reciprocal process."
The revocation of waivers for the use of technologies at Chinese factories of Samsung, SK Hynix, and TSMC marks a new development in U.S.-China relations and may affect the structure of the global semiconductor industry.
