According to Korean media reports, the two major storage factories in South Korea, Samsung and SK Hynix mainland factories were allowed by the US side to exempt White House from strengthening the regulation of the export ban on chips and equipment from mainland China for one year. This move may cause the industry's dream of reversing the current market oversupply problem.
The industry originally expected that the new US ban would hinder the output of DRAM and NAND chips, which accounted for more than 15% of the global market. It will help reverse the market when the memory market is in bleakness, but the US "opens the backdoor" of the two Korean factories, which will continue the supply and demand pressure in the short term.
SK Hynix confirmed on the 12th that the Bureau of Industry and Security (BIS) under the U.S. Department of Commerce has given the company a one-year exemption period, that is, SK Hynix, suppliers and business partners have been authorized to engage in chip manufacturing activities for one year without applying for a license. Samsung has also obtained the same exemption, and a Samsung spokesperson is unwilling to comment on the matter.
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