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Samsung, SK Hynix halt old equipment sales over fears of US backlash, FT reports

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(Reuters) – Chipmakers Samsung Electronics and South Korea’s SK Hynix Inc have stopped selling used chipmaking equipment for fear of falling foul of U.S. export controls on China and western sanctions on Russia, the Financial Times reported on Tuesday.

The companies have been storing used machines in warehouses instead of putting them on the secondary market, the report added, citing traders.

(This story has been refiled to change the dateline)

(Reporting by Gursimran Kaur in Bengaluru; Editing by Rashmi Aich)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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