The Biden Administration is set to extent current restrictions on chipmakers looking to expand and maintain business in China. That means the chip giants TSMC and Samsung will be given free reign to improve fab capacity without the US government jumping on their case.
Semiconductor manufacturing has been a bit of a hellscape of late, with the US threatening a ten year ban to any company receiving funding as part of the CHIPS and Science act.
Along with recent US export-control policy restrictions, things have been difficult. Now, according to the Wall Street Journal, the Biden Admin plans to extend exemptions from the US export-control policy currently restricting chip trade between the US and China.
Free market at its best.!!!!!!!?? Just a thought.
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