The change will remove a fast-track export privilege known as validated end user status, effective Dec. 31, TSMC confirmed to CNBC on Wednesday. South Korean memory chipmakers SK Hynix and Samsung Electronics are also losing export privileges, as the U.S. continues to shift its semiconductor trade policies with China.
Shares in Samsung Electronics and SK Hynix dropped on Monday after Washington revoked authorisations that allowed them to secure U.S. semiconductor manufacturing equipment for their chip plants in China.
The US Commerce Department had given the companies exemptions to sweeping restrictions created in 2022 on the sale of US semiconductor equipment to China.
Samsung second-quarter profit halves, missing expectations
South Korean AI chip startup Rebellions raised money from tech giant Samsung as part of a funding round that could be up to $200 million. Rebellions is aiming to go public at some point after the current funding round is closed, its CFO told CNBC.
Samsung Electronics shares opened 3.5% higher after the company disclosed a $16.5 billion contract to supply semiconductors to a major global corporation.
Samsung Electronics said on Monday it has signed a contract valued at $16.5 billion to supply semiconductors to a major global corporation, in a regulatory filing. It did not name the counterpart.
Samsung is looking to deepen connectivity across its devices and appliances with its open ecosystem SmartThings, which has over 400 million users to date. Bloomberg Tech: Asia anchor Shery Ahn speaks with SmartThings Head Jaeyeon Jung about the future of AI-integrated homes.
I reiterate my Buy rating on Samsung, as the stock shows signs of bottoming and upside momentum, despite recent earnings volatility. Samsung's valuation remains depressed, with the market looking past a 56% profit drop, suggesting pessimism is already priced in. Progress in HBM remains the key catalyst; certification to supply Nvidia would unlock significant upside and AI market participation.
Samsung released its first fitness-focused smart ring last year, adding to its stable of wearables that's mostly comprised of smartwatches. The company is now looking to bolster its lineup with new wearables in different form factors, like glasses, earrings, and necklaces, CNN reported.
CNBC's Steve Kovach joins 'The Exchange' to discuss the latest product unveiling from Samsung that feature its latest AI features.
Trade and artificial intelligence-related headaches are reportedly behind a projected 56% drop in Samsung's operating profits. [contact-form-7] That's a steeper decline than market consensus, The Wall Street Journal reported Tuesday (July 8).