US Considers Canceling Chinese Factory Chip Equipment Waivers For TSMC, Samsung & SK hynix

This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy. Following on his bid to limit advanced technology transfer to China, the Commerce Department’s Bureau for Industry and Security (BIS)’s Under Secretary of Commerce for Industry and Security, Jeffrey Kessler, is seeking to rescind waivers granted to American chip manufacturing equipment companies to sell some products to semiconductor manufacturers in China, suggest reports from the Wall Street Journal and Reuters. Kessler discussed his plans in detail at a House subcommittee hearing earlier this month, and according to…