Biden Rule On Semiconductor Exports To China Is 'Huge Positive' For Chip Sector, Supply Chain: Dan Ives

Quick Summary:

A new Biden administration rule that will expand U.S.powers on stopping exports of semiconductor manufacturing equipment from some foreign countries to China will serve as a boon to the industry, according to a prominent tech analyst.

A current Foreign Direct Product rule already gives the U.S.the ability to stop products made from U.S.technology, including those made in a foreign country, from being sold to China.

It excludes exports from foreign countries that make key equipment, such as Japan, the Netherlands and South Korea, Reuters reported.

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Author / Journalist: Michael Juliano

Category: Technology

Markets: United StatesChinaIsraelJapanSouth KoreaMalaysiaNetherlandsSingaporeTaiwan

Topics: Stories That Matter US67066G1040 Expert Ideas AVGO Dan Ives Artificial intelligence Global Top Stories QCOM AI US7475251036 US8825081040 US0079031078 Wedbush Securities NVDA Benzinga Semiconductors SG9999006241 TXN Asia AMD Analyst Color Tech Markets

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Article Type: News Report

Published On: 2024-07-31 @ 18:22:52 (13 hours ago)

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News Source URL: benzinga.com

Language: English

Article Length: 376 words

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Sentences: 14 lines

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