SAWT BEIRUT INTERNATIONAL

| 30 January 2023, Monday |

Japan, Netherlands to join U.S. in China chip curbs, reports Bloomberg News

According to persons familiar with the situation, Bloomberg News reported on Monday that Japan and the Netherlands have in principle agreed to join the United States in strengthening controls over the transfer of sophisticated chip-making machinery to China.

The Biden administration issued a number of restrictions in October with the intention of preventing the transfer to China of specific chips built with American equipment as well as chip-making technologies.

Apart from some U.S. gear suppliers, Japan’s Tokyo Electron Ltd and Dutch lithography specialist ASML Holding NV, were the two critical players needed to make the sanctions effective, making their governments’ adoption of the curbs a key milestone, the report said.

The new curbs may be announced in the coming weeks, according to the report.

Japan’s Ministry of Economy, Trade and Industry did not immediately respond to a Reuters request for comment, while a spokesperson from the Netherlands’ foreign affairs ministry declined to comment.

    Source:
  • Reuters