President Joe Biden is greenlighting South Korean and Taiwanese semiconductor manufacturers to continue expanding their operations in China thanks to exemptions rewarded to various companies by the administration.
Late last year, the Biden administration issued prohibitions on semiconductor chip exports to China, among other tech exports. The rules were designed to cut off exports of chips to China, which the communist country is reliant on, by United States companies and multinational corporations that use U.S. technology.
One-year exemptions, though, were given to some manufacturers — including Samsung, Taiwan Semiconductor, and SK Hynix — which allowed them to continue expanding semiconductor operations throughout China.
On Monday, the Wall Street Journal reported that Biden officials have confirmed to industry insiders that those exemptions, set to expire in a few months, will be extended so as to ensure that semiconductor manufacturers can keep growing chip…
