Samsung gets one year exemption from US curbs on Chinese chips: Report

The US Department of Commerce granted Samsung authorization to keep receiving chip-making equipment and other items needed to maintain memory-chip production in China

Samsung Electronics Co has been granted a one-year exemption from new US restrictions that block exports of advanced chips and related equipment to China, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The US Department of Commerce granted Samsung authorisation to continue receiving chip-making equipment and other items needed to maintain its memory-chip production in China, the newspaper added.