Nvidia Supplier ASML Among Firms That Face Potential New Export Restrictions As US, Japan Move To Limit Chip Technology To China: Report

Quick Summary:

The goal is to establish complementary export control regimes to ensure Japanese and Dutch companies are not targeted by the U.S.“foreign direct product rule.”

However, the situation remains delicate.

What Happened: The agreement aims to address loopholes in existing export rules and impose new restrictions reflecting the rapid advancements of Chinese companies in chip production over the last two years.

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Article Details

Category: Technology

Markets: United StatesChinaJapanNetherlands

Topics: US67066G1040 News Kaustubh Bagalkote Global NVDA ASML Tech Benzinga USN070591862

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 06:25:11 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 515 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22560591

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