Samsung (GB:SMSN) has received an exemption from the new U.S. rules restricting chip technology to China for a year, reports the Wall Street Journal.
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Other names including SK Hynix, Intel (NASDAQ:INTC), and Taiwan Semiconductor (NYSE:TSM) have also been granted similar exemptions.
Further, while facilities that are owned by Chinese names could see a presumption of denial, units from the U.S. or its allies are expected to receive a similar reprieve.
TSM’s third-quarter numbers today came in ahead of expectations on revenue as well as bottom-line fronts. It sees revenue landing between $19.9 billion and $20.7 billion in the upcoming quarter.
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