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US prepares action targeting allies' chip plants in China, WSJ reports
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US prepares action targeting allies' chip plants in China, WSJ reports
Jun 20, 2025 8:02 AM

June 20 (Reuters) - A U.S. official has informed leading

global semiconductor companies of plans to cancel waivers

allowing them to use American technology in China, the Wall

Street Journal reported on Friday, citing people familiar with

the matter.

Jeffrey Kessler, under secretary of commerce for industry

and security at the Commerce Department, told Samsung

Electronics ( SSNLF ), SK Hynix ( HXSCF ) and Taiwan

Semiconductor Manufacturing ( TSM ) this week that he wanted

to cancel those waivers, WSJ reported.

Reuters could not immediately confirm the report.

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