US set to further tighten chipmaking
exports to China - Bloomberg News
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[March 11, 2023]
(Reuters) - The Biden
administration is working to further tighten restrictions on exporting
semiconductor manufacturing gear to China, Bloomberg News reported on
Friday citing people familiar with the situation.
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Flags of China and U.S. are displayed on a
printed circuit board with semiconductor chips, in this illustration
picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File
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The
government has briefed U.S. companies about the plan and told
them it expects to announce the restrictions as early as next
month, the report said.
The Biden administration plans to coordinate with the
Netherlands and Japan, according to the report.
This week, Dutch government said it plans new restrictions on
semiconductor technology exports to China to protect national
security.
Chinese foreign ministry spokesperson Mao Ning said on Thursday
that China was firmly opposed to the restrictions as a means "to
intervene and limit normal economic and trade exchanges between
Chinese and Dutch companies."
The U.S. had imposed a slew of export restrictions late last
year including a measure to cut China off from certain
semiconductor chips made anywhere in the world with U.S.
equipment.
(Reporting by Yana Gaur in Bengaluru; Editing by Josie Kao)
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