Carve-Out Compromise

A middle path is possible in which Seoul, Washington, and SK Hynix separate the China license issue from the U.S. fab announcement. This would allow the Biden or successor Commerce team to avoid appearing to trade national-security controls for investment, while still preventing disruption to a key South Korean chipmaker.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.