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Samsung gets one-year exemption from new US chip restrictions on China - WSJ

Samsung gets one-year exemption from new US chip restrictions on China - WSJ

FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March 23, 2018. REUTERS/Kim Hong-Ji

(Reuters) - Samsung Electronics Co has been granted a one-year exemption from new U.S. restrictions that block exports of advanced chips and related equipment to China, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The U.S. Department of Commerce granted Samsung authorization to continue receiving chip-making equipment and other items needed to maintain its memory-chip production in China, the newspaper added.

Source: Reuters
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