US Lets Samsung, SK Hynix Expand Giant Chip Plants in China

(Bloomberg) -- The Biden administration will allow Samsung Electronics Co. and SK Hynix Inc. to acquire the equipment they need to sustain and expand their giant chipmaking operations in China, a victory for the world’s two biggest memory makers.Most Read from BloombergIsrael Latest: Top US General Warns Iran to Stay Out of ConflictSchumer Confronts Xi on Israel-Hamas Stance in Rare MeetingIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionBank of America’s Wrong-Way Rate Bet Hurts Moyni

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