Samsung, SK Hynix said to aggressively lobby for waiver on China chip rules
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South Korea's Samsung (OTCPK:SSNLF) and SK Hynix are reportedly lobbying in Washington to receive waivers that would allow them to continue running their operations in China normally.
Samsung (OTCPK:SSNLF), which produces chips for customers such as Qualcomm (QCOM), as well as itself, and SK Hynix, are looking to prevent their existing manufacturing operations from being severely disrupted, Digitimes reported.
In October, it was reported that Samsung (OTCPK:SSNLF) was granted a one-year exemptions to new rules enacted by the Biden Administration that would allow it to continue receiving chip-making equipment in China.
SK Hynix was also said to have been granted authorization by the U.S. to continue receiving goods in China for chip making production without needing to abide by the new licensing rules.
SK Hynix and Samsung (OTCPK:SSNLF) both compete with Micron Technology (MU) in the memory chip market.
That same month, the Commerce Department published new rules that said companies seeking verification to sell to China would be faced with a "presumption of denial" standard if they produce DRAM chips below 18 nm, above 128 layers for NAND chips and below 14 nm for logic chips and would have to apply for a license.
Samsung (OTCPK:SSNLF) recently took the wraps off several new products, including the new Galaxy S23 smartphone and Galaxy Book PCs.