US Softens Stance On South Korean And Taiwanese Chip Makers In China: WSJ
Portfolio Pulse from Benzinga Newsbot
The Biden administration is set to extend existing exemptions for leading South Korean and Taiwanese semiconductor manufacturers, allowing them to continue and expand their chip-making operations in China. This move comes despite concerns that it may undermine U.S. export controls aimed at slowing China’s technological progress.
June 12, 2023 | 1:03 pm
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Taiwan Semiconductor Manufacturing (TSM) is among the companies granted exemptions to continue and expand chip-making operations in China, despite concerns over US export controls.
The extension of exemptions for TSM allows the company to continue and expand its operations in China, which could lead to increased production and revenue. This positive development is likely to have a short-term positive impact on TSM's stock price.
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