U.S. Plans to Revoke Semiconductor Waivers Amidst China Concerns

The U.S. government is considering canceling waivers that permit semiconductor companies to use American technology in China. This move was communicated by Jeffrey Kessler to major firms including Samsung Electronics, SK Hynix, and Taiwan Semiconductor Manufacturing, according to a Wall Street Journal report.

The U.S. government plans to revoke waivers allowing leading semiconductor companies to utilize American technology in China, a move that was revealed by a report from the Wall Street Journal. This step is seen as part of the ongoing tech tensions between the two global superpowers.

Jeffrey Kessler, a senior official at the U.S. Commerce Department, communicated this potential regulatory shift to industry giants Samsung Electronics, SK Hynix, and Taiwan Semiconductor Manufacturing during discussions this week. The decision reflects growing security and trade concerns surrounding American technology use abroad.

Reuters has yet to verify the Wall Street Journal's report, adding a layer of uncertainty to the situation as companies and analysts await further official confirmation from U.S. authorities.

(With inputs from agencies.)