to obtain additional licenses to supply equipment to their Chinese factories. The decision, which was announced by the South Korean presidential office on Tuesday, is a major victory for the two South Korean chipmakers, which have invested billions of dollars in China. Here are the details…The US government imposed the export controls in October 2022 in an effort to prevent China from gaining access to advanced semiconductor technology.
SK hynix also welcomed the decision, saying it “will help us to strengthen our competitiveness in the Chinese market and contribute to the local economy.” The decision is a major step forward for Samsung and SK hynix, which have been seeking to expand their presence in China. Gizmochina brings you the best of Chinese Tech from emerging smartphone companies, innovative startups, to crazy smart home products and revolutionary technologies.