SK hynix to seek further exemption from US chip curbs

In October last year, SK Hynix said it had received authorisation from the U.S. 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 chip-making equipment to China, requiring licenses for U.S. companies to export advanced chips and chip-making equipment in a bid to slow China’s 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 U.S. Chips Act.

Last month the Biden administration said it would require companies winning $52.7 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 U.S. government’s effort to bring home semiconductor manufacturing, and its success is vital to U.S. ambitions to keep ahead of China in global markets. Reuters