SAMSUNG GETS ONE YEAR EXEMPTION FROM NEW U.S CHIP RESTRICTIONS ON CHINA

The company hasn’t said publicly if it received an exemption
SEOUL—Samsung Electronics Co. SSNHZ 0.00%▲ has been granted a one-year exemption from new U.S. restrictions that block exports of advanced chips and related equipment to China, according to people familiar with the matter, joining a list of American-allied semiconductor giants that have received dispensation.

The picture above  was the groundbreaking ceremony for the Samsung chip production line in Xi’an, China, in 2018.

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 people said. The South Korean firm operates chip facilities in two Chinese cities.