US To Allow South Korean, Taiwan Chip Makers To Keep Operations In China

According to the Wall Street Journal, the Biden administration is expected to allow leading semiconductor manufacturers from South Korea and Taiwan to continue and expand their chipmaking operations in China. From a report: Alan Estevez, undersecretary of commerce for industry and security, announced the decision at an industry gathering last week. The exemptions, initially granted for one year in October last year, were provided to several companies, including South Korea's Samsung Electronics