Reported 3 months ago
The Biden administration plans to implement a new rule that will restrict exports of semiconductor manufacturing equipment from certain foreign countries to China, but will exempt allies such as Japan, the Netherlands, and South Korea. This decision is intended to limit the impact on key suppliers like ASML and Tokyo Electron, whose stocks rose following the announcement. The rule aims to curb China's advancements in semiconductor technology without alienating allied nations.
Source: YAHOO