The new Dutch regulations will not take effect immediately. Read more at straitstimes.com.
NEW YORK - The United States and the Netherlands are set to deliver a one-two punch to China’s chipmakers this summer by further restricting sales of chipmaking equipment, part of the countries’ ongoing effort to prevent their technology from being used to strengthen China’s military.
Chinese Embassy spokesman Liu Pengyu in Washington decried the move and said the US “has deliberately blockaded and hobbled Chinese companies and forcibly relocated industries and pushed for decoupling,” and said China would “closely follow the developments and firmly safeguard our own interests”. ASML’s most sophisticated machines – extreme ultraviolent “EUV” lithography machines – are already restricted, and have never been shipped to China.
The facilities are expected to be identified in a new US rule that will allow the US to restrict foreign equipment with even a small percentage of US parts to those sites, according to a person familiar with the matter.Dutch seek to bar Chinese students from tech courses amid chip war It is not unusual for the US to modify proposals before clearing regulations, so both the timing and the restrictions could change. The plan described reflects thinking in late June.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive-US, Dutch set to hit China's chipmakers with one-two punchThe United States and the Netherlands are set to deliver a one-two punch to China's chipmakers this summer by further restricting sales of chipmaking equipment, part of the countries' ongoing effort to prevent their technology from being used to strengthen China's military.While the Dutch are planning to
Read more »
US asks Asean claimants to resolve own South China Sea issues before taking on ChinaThis is so that they could strengthen their “collective voice” in negotiations with China. Read more at straitstimes.com.
Read more »
US expects more cooperation with India in South China SeaChina has been at the centre of numerous South China Sea territorial disputes with regional countries. Read more at straitstimes.com.
Read more »
US considering new restrictions on AI chip exports to China: ReportUS will stop the shipments of chips made by Nvidia and other chip companies to China as early as July. Read more at straitstimes.com.
Read more »
China's deepening slide in industrial profits adds to economic gloomBEIJING : Profits at China's industrial firms tumbled 18.8 per cent year-on-year in the first five months of 2023, data showed on Wednesday, as companies were hit hard by a squeeze in margins from softening demand amid a stumbling post-COVID economic recovery.The slide extended a 20.6 per cent profit fall
Read more »
China's industrial profits tumble 18.8% in Jan-MayBEIJING : Profits at China's industrial firms shrank by 18.8 per cent year-on-year in the first five months of 2023, official data showed on Wednesday, as companies wrestled with margin squeezes from softening demand amid a stumbling post-COVID economic recovery.The tumble followed a 20.6 per cent profit
Read more »