Published in News

US allows South Korea and Taiwan chipmakers to sell into China

by on13 June 2023

So much for security concerns

According to the Wall Street Journal, the US government is expected to allow leading South Korea and Taiwan semiconductor manufacturers to continue and expand their chipmaking operations in China. 

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 and Taiwan Semiconductor Manufacturing, who have invested billions in building plants in China.

The decision to extend the exemptions reflects the challenges faced by US authorities in isolating China from high-tech goods in a highly integrated global industry.

The US has been trying to keep advanced chips out of Chinese hands by limiting exports not only from American manufacturers but also those made by allies. However, US and foreign chip makers have resisted these efforts, and governments in Asia and Europe have also pushed back.

The most vocal criticism has come from South Korea, whose largest export market is China.


Last modified on 13 June 2023
Rate this item
(1 Vote)

Read more about: