Netanyahu meets US envoy to discuss Gaza ceasefire
Israeli Prime Minister Benjamin Netanyahu met with US President Donald Trump’s Special Envoy for the Middle East, Steve Witkoff, in a meeting held a...
The U.S. will launch its third crackdown in three years on China's semiconductor industry on Monday, restricting exports to 140 companies including chip equipment maker Naura Technology Group 002371.SZ, among other moves, according to two people familiar with the matter.
The U.S. will launch its third crackdown in three years on China's semiconductor industry on Monday, restricting exports to 140 companies including chip equipment maker Naura Technology Group 002371.SZ, among other moves, according to two people familiar with the matter.
The effort to hobble Beijing's chipmaking ambitions will also hit Chinese chip toolmakers Piotech 688072.SS and SiCarrier Technology with new export restrictions as part of the package, which also takes aim at shipments of advanced memory chips and more chipmaking tools to China.
The move marks one of the Biden Administration's last large scale effort to stymy China's ability to access and produce chips that can help advance artificial intelligence for military applications or otherwise threaten U.S. national security.
It comes just weeks before the swearing in of Republican former president Donald Trump, who is expected to keep in place many of Biden's tough-on-China measures.
The package includes curbs on China-bound shipments of high bandwidth memory (HBM) chips, which are critical for high-end applications like AI training; new curbs on 24 additional chipmaking tools and three software tools; and new export restrictions on chipmaking equipment manufactured in countries including Singapore and Malaysia.
The tool controls will likely hurt Lam Research LRCX.O, KLA KLAC.O and Applied Materials AMAT.O, as well as non-U.S. companies like Dutch equipment maker ASM International ASMI.AS.
Among Chinese companies facing new restrictions are nearly two dozen semiconductor companies, two investment companies and over 100 chipmaking tool makers, the sources said.
U.S. lawmakers say some of the companies, including Swaysure Technology Co, Qingdao SiEn, and Shenzhen Pensun Technology Co, work with China's Huawei Technologies, the telecommunications equipment leader once hobbled by U.S. sanctions and now at the center of China's advanced chip production and development.
They will be added to the entity list, which bars U.S. suppliers from shipping to them without first receiving a special license.
China has stepped up its drive to become self-sufficient in the semiconductor sector in recent years, as the U.S. and other countries have restricted exports of the advanced chips and the tools to make them. However, it remains years behind chip industry leaders like Nvidia NVDA.O in AI chips and chip equipment maker ASML ASML.AS in the Netherlands.
The U.S. also is poised to place additional restrictions on Semiconductor Manufacturing International 0981.HK, China's largest contract chip manufacturer, which was placed on the Entity List in 2020 but with a policy that allowed billions of dollars worth of licenses to ship goods to it to be granted.
For the first time, the U.S. will add two companies that make investments in chips to the entity list. Chinese private equity firm Wise Road Capital and tech firm Wingtech Technology Co 600745.SS will be added.
Companies seeking licenses to ship to firms on the Entity List generally get denied.
DUTCH AND JAPANESE EXEMPTED
An aspect of the new package that addresses the foreign direct product rule could hurt some U.S. allies by limiting what their companies can ship to China. The new rule will expand U.S. powers to curb exports of chipmaking equipment by U.S., Japanese, and Dutch manufacturers made in other parts of the world to certain chip plants in China.
Equipment made in Malaysia, Singapore, Israel, Taiwan and South Korea is subject to the rule while the Netherlands and Japan will be exempt.
The expanded foreign direct product rule will apply to 16 companies on the entity list that are seen as the most important to China's most advanced chipmaking ambitions.
The rule will also lower to zero the amount of U.S. content that determines when certain foreign items are subject to U.S. control. That will allow the U.S. to regulate any item shipped to China from overseas if it contains any U.S. chips.
The new rules are being released after lengthy discussions with Japan and the Netherlands, which, along with the U.S., dominate the production of advanced chipmaking equipment.
The U.S. plans to exempt countries that put in place similar controls, the people said.
Another rule in the package restricts memory used in AI chips that correspond with what is known as "HBM 2" and higher, technology made by South Korea's Samsung and SK Hynix and U.S.-based Micron. Industry sources only expect Samsung Electronics 005930.KS to be impacted.
The latest rules are the third major package of chip-related export restrictions on China implemented under the Biden administration. In October 2022, the U.S. published a sweeping set of controls to curb the sale and manufacture of certain high-end chips which were considered to be the biggest shift in U.S. tech policy toward China since the 1990s.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
Israeli Prime Minister Benjamin Netanyahu met with US President Donald Trump’s Special Envoy for the Middle East, Steve Witkoff, in a meeting held at Netanyahu’s office. Details of their discussions were not disclosed.
U.S. President Donald Trump has raised tariffs on Canadian goods to 35% and on Indian goods to 25%, part of a wider set of duties on dozens of countries taking effect on Friday.
The United States has imposed sanctions on officials from the Palestinian Authority (PA) and members of the Palestine Liberation Organisation (PLO), accusing them of undermining peace efforts with Israel.
Germany’s Foreign Minister Johann Wadephul met with Israeli Prime Minister Benjamin Netanyahu in Jerusalem on Thursday, July 31.
President Donald Trump has ordered sweeping new tariff increases on imports from more than 80 countries, citing continued trade imbalances and national security concerns.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment