SK Hynix says it will seek out license for Chinese memory chip factory




  • In US
  • 2022-10-07 17:05:44Z
  • By Reuters
 

By Stephen Nellis and Jane Lanhee Lee

(Reuters) -Companies around the world on Friday began to wrestle with the impact of wide-ranging U.S. curbs on selling chips and chip manufacturing equipment to China.

South Korean memory chip maker SK Hynix Inc said on Friday it would seek a license under new U.S. export control rules for equipment to keep operating its factories in China.

American officials on Friday published a sweeping set of rules that restrict the export of some U.S.-made semiconductor manufacturing equipment to China, but provided exemptions for companies from the United States and its allies to seek a license.

"SK Hynix is ready to make its utmost efforts to get the U.S. government's license and will closely work with the Korean government for this," the company said in a statement. "We're also ready to operate our fabrication plants in China smoothly, while complying with the international order."

Officials on Friday also introduced rules against selling a broad swath of chips for any use in "supercomputer" systems in China. Supercomputers can be used in developing nuclear weapons and other military technologies. U.S. companies Nvidia Corp and Advanced Micro Devices Inc both said last month they had been told to stop exporting their top-tier chips to China.

The rules define a supercomputer as any system with 100 or more petaflops of so-called double precision computing power, or 200-plus petaflops of single precision computing power, within a 41,600 cubic feet area. A petaflop is a measure of a computer's processing speed.

Nvidia, which said last month that the rules could affect $400 million of its current-quarter sales in China, said Friday it did not expect any further impact on its business.

"These regulations impose on the broader industry controls on processors meeting certain thresholds that we were already subject to. We don't expect the new controls, including restrictions on sales for highly dense systems, to have a material impact on our business," the company said in a statement.

AMD did not immediately respond to a request for comment.

(Reporting by Stephen Nellis in San Francisco and Jane Lanhee Lee in Oakland; editing by Jonathan Oatis and Richard Chang)

COMMENTS

More Related News

NATO concerned about China
NATO concerned about China's 'opaque' military buildup -Blinken

NATO allies are concerned about China's military buildup and its cooperation with Russia, U.S. Secretary of State Antony Blinken said on Wednesday after a...

Jiang Zemin: Former Chinese leader dies aged 96
Jiang Zemin: Former Chinese leader dies aged 96

Jiang came to power after the Tiananmen Square protests and presided over high-speed growth.

Chinese vaccine plans spark hope for end of
Chinese vaccine plans spark hope for end of 'zero COVID'
  • World
  • 2022-11-30 09:31:50Z

A campaign to vaccinate the elderly has sparked hopes China might roll back severe anti-virus controls that prompted protesters to demand President Xi...

Jiang Zemin, former president who guided China
Jiang Zemin, former president who guided China's rise, dies at 96

Jiang Zemin led China out of isolation after the Tiananmen Square massacre and supported economic reforms that led to a decade of explosive growth.

BYD set to be China
BYD set to be China's top-selling car brand for Nov, Tesla gains -data
  • US
  • 2022-11-30 07:28:38Z

BYD was the top-selling car brand in China in the first four weeks of November, brokerage data showed, outperforming the Volkswagen brand in a reversal that ...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: US