Some proposed new rules for chipmakers ‘tougher’ than expected, WSJ reports

Last week, the Biden administration proposed new rules describing restrictions chip companies would face on operations in China and other countries if they were to accept taxpayer funding, Yuka Hayashi and Jiyoung Sohn of The Wall Street Journal reports. Some of the proposed restrictions were tougher than industry executives, lawyers, and national-security analysts expected. The restrictions would be especially burdening for East Asian companies with a significant presence in China, such as Samsung Electronics (SSNLF), SK Hynix, and Taiwan Semiconductor Manufacturing (TSM). U.S. restrictions placed on exports of advanced chips and chip-making equipment to China would make it difficult for South Korean companies to continue investing in China. Reference Link