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Here’s the full archived article instead of a screenshot of a headline:
Yes, “allow” because the likes of TSMC are owned by US investment firms, have contracts with the US government and vital US companies / industries. Just as if there were companies operating in Canada owned by Chinese firms / government, they would need to allow that company to build factories / use suppliers in the US.
The move to extend the exemptions, rather than winding them down, amounts to a recognition by U.S. authorities that efforts to isolate China from high-tech goods are more difficult than anticipated in a highly integrated global industry, according to industry executives.
