The Netherlands and Japan are close to joining a Biden administration-led effort to restrict exports of key semiconductor parts to China. Read more at straitstimes.com.
WASHINGTON – The Netherlands and Japan, home to key suppliers of semiconductor manufacturing equipment, are close to joining a Biden administration-led effort to restrict exports of the technology to China and hobble its push into the chips industry.
The Hague and Tokyo likely won’t go as far as Washington’s restrictions, which not only limit exports of American-made machinery but also impede US citizens from working with Chinese chipmakers. Even so, Beijing may find itself even more cut off from either the technology or know-how it needs to build the most advanced kinds of semiconductors once all three countries act.
Applied Materials, Lam Research and KLA all traded down by more than 2 per cent, in line with broader market moves.The Biden administration issued sweeping new rules in October Semiconductors have become a key battleground for the growing rivalry between the world’s two largest economies. The US is the inventor and largest provider of the technology, while China is the biggest single market. Beijing’s dependence, combined with growing efforts by Washington to limit access to advanced chips and their military use, have prompted China to seek to reduce its reliance on imports.
“A Republican Congress is ready to use its authorities to protect US national security and defend human rights, should the outcomes not substantially match the controls currently in place.”
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