Samsung Joins Others in Exemptions from China Chip Restrictions
13 Outubro 2022 - 09:02AM
TipRanks
Samsung (GB:SMSN) has received an exemption from the new U.S. rules
restricting chip technology to China for a year, reports the Wall
Street Journal. Other names including SK Hynix, Intel
(NASDAQ:INTC), and Taiwan Semiconductor (NYSE:TSM) have also been
granted similar exemptions. Further, while facilities that are
owned by Chinese names could see a presumption of denial, units
from the U.S. or its allies are expected to receive a similar
reprieve. TSM’s third-quarter numbers today came in ahead of
expectations on revenue as well as bottom-line fronts. It sees
revenue landing between $19.9 billion and $20.7 billion in the
upcoming quarter.
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