The United States has asked Japan to limit chip exports to China.
The US Secretary of the economy, Gina Raimondo, is said to have filed the request on Friday by phone with the Japanese Minister of trade, Yasutoshi Nishimura. Never before has such a request from the US on the issue been made at the ministerial level.
As a result of the news, Asian chip stocks were under pressure this morning. Chipmakers Samsung and TSMC, among others, recorded up to two percent in the red.
America has long been targeting the Chinese chip industry. The Dutch government and ASML, among others, would be put under pressure to no longer supply high-quality chip technology to China. Currently, ASML does not supply its EUV technology to China, but Washington would like to tighten the rules so that other ASML products cannot be exported to China as well.
About the author: John Campbell
John Campbell is the godfather of Polimedia and the oldest author from the whole team. His occasional guidance is crucial for everyone he advises.