breaking news

US to tighten chip export curbs against China – Bloomberg — RT Business News

Washington plans to introduce new export restrictions to further curb China’s access to advanced American chip technology, Bloomberg reported on Saturday, citing sources.

The measures, which focus on chip manufacturing capabilities, will double the number of equipment types that require special export licenses, according to the report.

Sources also claimed that the US plans to coordinate the new measures with the governments of Japan and the Netherlands. Because the three countries dominate the global chip making technology market, many analysts believe that Washington would need the support of the other two for its measures to be effective. The countries’ governments have reportedly been in talks over the matter for months, although so far neither Tokyo nor Amsterdam has put in place any specific regulations targeting Beijing.

Earlier this week, the Netherlands did pitch plans to expand restrictions on exports of its latest semiconductor technology, but it did not specifically mention China, nor did it give any further details about the proposed regulation.

The US has been seeking to contain China’s technological advancement, which it considers a threat to its national security. Last October, Washington introduced sweeping export controls that prevented Chinese firms from buying certain American chip-making tools, which Beijing could allegedly use for military purposes.

US pushes for chip production with India

China has repeatedly criticized US policies regarding semiconductors and even filed a formal complaint with the World Trade Organization over the export controls, arguing that they threatened the interests of Chinese companies and disrupted global supply chains.

For more stories on economy & finance visit RT’s business section

You can share this story on social media:

Показать больше

Похожие статьи

Кнопка «Наверх»