US prepares action targeting allies’ chip plants in China, WSJ reports
ReutersJun 20, 2025 2:56 PM
June 20 (Reuters) - A U.S. official has informed leading global semiconductor companies of plans to cancel waivers allowing them to use American technology in China, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Jeffrey Kessler, under secretary of commerce for industry and security at the Commerce Department, told Samsung Electronics 005930.KS, SK Hynix 000660.KS and Taiwan Semiconductor Manufacturing 2330.TW this week that he wanted to cancel those waivers, WSJ reported.
Reuters could not immediately confirm the report.
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