11:33 AM EDT, 06/20/2025 (MT Newswires) -- A US official has told major global chipmakers that he wanted to revoke waivers that allow them to ship US chip-making equipment to their factories in China without individual licenses, The Wall Street Journal reported Friday, citing people familiar with the matter.

Jeffrey Kessler, who heads a unit in charge of export controls at the Commerce Department, told the companies that removing the waivers is part of the Trump administration's broader push to limit China's access to critical US technology, the report said.

"Chip makers will still be able to operate in China. The new enforcement mechanisms on chips mirror licensing requirements that apply to other semiconductor companies that export to China and ensure the United States has an equal and reciprocal process," a Commerce Department spokesman said, according to the WSJ report.

A decision to revoke the wavers has not been finalized, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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