In today’s briefing:
- Ohayo Japan | SPX +0.5%; Pause in Rates; Son Tells Japan to Embrace AI
- Samsung and SK Hynix China Factories Win U.S. Waivers
Ohayo Japan | SPX +0.5%; Pause in Rates; Son Tells Japan to Embrace AI
- OVERNIGHT: The S&P 500 rose for a third consecutive day, buoyed by Amazon’s Prime subscriber sale and a bullish forecast from PepsiCo.
- TODAY: Mitsubishi Elec/Denso to invest $1b in Coherent’s SIC business; SONY PS Slim
- JAPAN X: According to Masayoshi Son, AI is not the enemy but a friend and partner in propelling Japan forward.
Samsung and SK Hynix China Factories Win U.S. Waivers
- The U.S. cleared Samsung Electronics Co. and SK Hynix Inc. to supply U.S. chip equipment to their China factories without a separate approval process, South Korea’s presidential office said Monday.
- The two South Korean companies received notification that the decision takes effect immediately, South Korea’s presidential economic adviser Choi Sang-mok told reporters Monday at a briefing, according to the Yonhap News Agency.
- SK Hynix and Samsung both have major production operations in China, where imports of advanced semiconductor manufacturing equipment and high-performance graphics processing units (GPUs) from the U.S. have been limited under sweeping restrictions rolled out by the Biden administration last October.
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