Latest US strike on China's chips hits semiconductor toolmakers

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Latest US strike on China's chips hits semiconductor toolmakers - Channel News Asia

Quick Summary:

The United States on Monday (Dec 2) launched its third crackdown in three years on China's semiconductor industry, curbing exports to 140 companies, including chip equipment maker Naura Technology Group, among other moves.

China's commerce ministry described the US restrictions as a clear example of "economic coercion" and "non-market practices," according to a statement published on its official website after the new curbs were announced.

The new rules are being released after lengthy discussions with Japan and the Netherlands, which, along with the United States, dominate the production of advanced chipmaking equipment.