U.S. tech firms battle to keep selling to China

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U.S. tech firms battle to keep selling to China - Economic Times

Quick Summary:

Over the past year, an intense struggle has played out in Washington between companies that sell machinery to make semiconductors and Biden officials who are bent on slowing China's technological progress.

Lam Research said in a statement that it "diligently adheres to U.S.export controls" and that it engaged regularly "in constructive dialogue with policymakers on trade-related matters for the benefit of the semiconductor industry, national security and the U.S.innovation economy".Some U.S.officials have privately said that the lobbying undercut their recent rules.

Their chief complaint is that the U.S.industry is the only one facing restrictions, allowing companies in Japan and the Netherlands to step in to supply China with technology.That damages U.S.companies while also failing to restrain Beijing, they argue.