Citi has reported that the U.S. is considering revoking exemptions that currently allow certain global semiconductor manufacturers, such as Taiwan Semiconductor Manufacturing Company (TSMC) and Samsung Electronics, to export U.S. technologies to China. The impact on U.S. semiconductor equipment makers is expected to be minimal as multinational firms have reduced their manufacturing presence in China over recent years due to ongoing uncertainties.
Moreover, concerns over a broader ban on exporting semiconductor equipment to China have temporarily eased, as China has reportedly agreed to resume rare earth export licenses for the time being. This development suggests a potential for more stability in the semiconductor supply chain, at least temporarily.
