In early October, the US Department of Commerce issued an update around the market’s export controls, announcing a ban across the sale of high-end semiconductor chips, tools and other components, to China. Citing concerns that the technology may be used for military purposes, the restrictions prevent US individuals from supporting chip development or production at Chinese facilities without first receiving an export licence exemption.
The announcement adds to the litany of headwinds faced by Asian technology companies who are already having to reevaluate their capital expenditure plans. Korea-listed SK Hynix, a semiconductor manufacturer that was granted a one-year waiver on the new ban, announced it would scale back production...
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