Report: Samsung, Hynix May Face Annual US Chip Rules

The United States is proposing annual approvals for the export of chipmaking supplies to Samsung Electronics and SK Hynix’s China-based factories, Bloomberg News reported on Monday.

Officials in the U.S. Commerce Department last week presented to Korean counterparts a “site license” idea to supplant indefinite authorizations the chipmakers secured under the previous administration, Bloomberg News reported, citing people familiar with the matter.

Those so-called validated end user, or VEU, designations are set to expire at the end of this year, it added.

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