Don't panic, chip giants will continue getting a pass on US-China trade restrictions.
, the Biden Admin plans to extend exemptions from the US export-control policy currently restricting chip trade between the US and China.
Last October, chip giants TSMC and Samsung were issued exemptions that helped to limit the effects of the the control policy on business. These exemptions were due to run out in October this year, but reports say they will now be extending for the foreseeable future. Last week, the undersecretary of commerce for industry and security, Alan Estevez, spoke to the Semiconductor Industry Association about the government's plans to extend the exemptions indefinitely. Whether the exemptions will ever extend to other companies is unclear.
Last year, TSMC founder Morris Chang spoke of the many issues that the US faces in rebuilding its domestic chip manufacturing industry, calling the restrictions"Republican senator Marco Rubio is one speaking out against the export control exemptions, believing in the importance of strengthening the US controls over technology export. In a letter to Secretary Gina Raimondo, he writes"Companies are hard at work to weaken and circumvent the rule’s export controls.
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