Japan and Netherlands to join the US in chip restrictions
Chip restrictions are a common problem worldwide, and now the market has been fired up again.
Recently there had been rumors on the chip market and now more things got clear. According to Bloomberg, the United States will join Japan and the Netherlands in banning chip imports from China. The outlet's sources claim that the objective is to "undercut Beijing's ambition to build its own domestic chip capabilities."
Japan and Netherlands to join the US in chip restrictions
The collaboration is an extension of US Vice President Joe Biden's policy to restrict China's ability to produce and develop its own semiconductors, which are used in AI and machine learning in the military and will also have an impact on the mobile technology sector.
The Dutch and Japanese governments rethought the ways in which ASML and Tokyo Electron export such machinery after hearing from US equipment manufacturers that the restriction on only American companies trading with China was hurting their competitiveness. ASML's CEO Peter Wennink warned that China would eventually develop its own advanced technology if the United States maintained control over the export of lithography machinery. That will take some time, but they will get there eventually," the executive stated.