📦Revocation of Validated End-User Authorizations in China
Revocation of Validated End-User Authorizations in the People's Republic of China
Summary
In this final rule, the Bureau of Industry and Security (BIS) amends the Export Administration Regulations (EAR) to revise the existing Validated End-User (VEU) Authorizations list for the People's Republic of China (PRC) by removing Intel Semiconductor (Dalian) Ltd; Samsung China Semiconductor Co. Ltd; and SK hynix Semiconductor (China) Ltd.
Agencies
- Commerce Department
- Industry and Security Bureau
Business Impact
$$$ - High
The removal of Intel Semiconductor (Dalian) Ltd, Samsung China Semiconductor Co. Ltd, and SK hynix Semiconductor (China) Ltd from the Validated End-User Authorizations will lead to an expected increase of 1,000 additional license applications annually. This directly impacts businesses exporting to China, requiring them to comply with stricter licensing procedures under the Export Administration Regulations (EAR).