Japan to Lift Restrictions on Chip Material Exports to South Korea
- Japan controls key materials needed to make semiconductors
- Move signals end to yearslong feud between the two US allies
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Shares of Korean electronics makers surged after Japan said it’ll roll back export restrictions of key semiconductor materials, laying to rest concern about the fragility of an important link in the tech supply chain.
SK Hynix Inc. jumped as much as 7.3%, the biggest intraday rise in more than two months Friday. Samsung Electronics Co. rose more than 2% and LG Electronics Inc. gained as much as 1.7%