The data released by China’s customs department marked a small improvement for the country, which saw an 18.5% decline in chip imports in the first half of the year

TSMC said the US had advised it to apply for a "validated end-user" authorisation, which would serve as a permanent authorisation for its China operations

The world's largest contract chipmaker, TSMC, was given a one-year waiver for its factory in Nanjing, China, but is now looking for an indefinite extension

Samsung makes about 40% of its NAND flash chips at its plant in Xian, China, while SK Hynix makes about 40% of its DRAM chips in Wuxi

In order to meet the demands of the rapidly developing AI industry, Beijing also plans to improve computational infrastructure in western China

The extension would mark an end to business uncertainty for South Korea’s Samsung Electronics and SK Hynix who have invested billions in their chip fabs in China

"What kind of move is this?" one Weibo user said, as the Chinese telecom giant's much anticipated product event failed to give any new details on its 'sanctions-defeating' Mate 60 series

The announcement came after customs data showed China had completely blocked its exports of germanium and gallium products in August

Top South Korean chipmakers Samsung and SK Hynix currently have permits to import US chip-making equipment into China, where they have extensive production facilities

The Taiwanese chip giant is considering setting up a second fab in Japan, and adding capacity to an $8.6 billion plant already under construction in the country

Senior executives from chipmakers including Intel, GlobalFoundries, Amkor and Marvell are expected to attend a business meeting on Monday in Hanoi

While India and the US are not formal treaty-bound allies, Washington wants New Delhi to be a strategic counterweight to China