south koreas sk hynix inc will ask the united states for a years further exemption from chip curbs against china the chief executive of the worlds no 2 maker of memory chips said the company will seek the exemption after the current grace period ends in october chief executive park jungho told reporters at the annual general meeting of shareholders in south korea talks between the korea and the us governments should go well he said from our end we will also buy time and adjust our management plan we will again apply for an extension when the oneyear authorisation expires in october last year sk hynix said it had received authorisation from the us commerce department for a year to supply equipment needed for chip production in facilities in china without seeking additional licensing requirements the united states announced curbs on exports of chipmaking equipment to china requiring licenses for us companies to export advanced chips and chipmaking equipment in a bid to slow chinas technological advance on wednesday the company it would pursue previously announced plans to build an advanced chip packaging plant in the united states as the review process ends it added that it was reviewing whether to apply for subsidies under the us chips act last month the biden administration said it would require companies winning 527 billion of available funds from the chips act to share excess profits and explain how they planned to provide affordable childcare the measure has a key role in the us governments effort to bring home semiconductor manufacturing and its success is vital to us ambitions to keep ahead of china in global marketsfacebooktwitterlinkedinend of article10910131298799128