Biden administration plans new US rule on foreign chip exports to China

Quick Summary:

The planned new rule is only in draft form and could change, but the aim is to publish it in some form next month, the sources said.

The new rule, currently in draft form, shows how Washington is seeking to keep up the pressure on China's burgeoning semiconductor industry but without antagonizing allies.

Aside from Japan, the Netherlands and South Korea, the draft rule exempts over 30 other countries which are part of the same A:5 group.

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Article Details

Category: BusinessFinance

Markets: IndiaChinaIsraelJapanSouth KoreaMalaysiaNetherlandsSingaporeTaiwan

Topics: Biden administration Key chipmaking equipment US Semiconductors Quad China exports

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 12:40:05 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 582 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21868712

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