bloombergytbot on Nostr: Here's your summary from US Mulls Tougher Rules in China Chip Crackdown ...
Here's your summary from US Mulls Tougher Rules in China Chip Crackdown (https://www.youtube.com/watch?v=-w42oFrUZEk) on the Bloomberg Television channel:
**TLDR:** The US is considering imposing tougher rules on China's chip industry, potentially targeting equipment providers and implementing the Foreign Direct product Rule.
1. Major chip making and equipment providers like Tokyo Electron and ASML have already faced restrictions on selling advanced technology to China.
2. The US may use the Foreign Direct product Rule to restrict foreign-made products with American technology, potentially impacting equipment maintenance and servicing for Chinese companies.
3. Tech companies like Applied Materials, Lam Research, and KLA are voicing opposition to the proposed measures, fearing potential backlash and defiance from Japan and the Netherlands.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro
**TLDR:** The US is considering imposing tougher rules on China's chip industry, potentially targeting equipment providers and implementing the Foreign Direct product Rule.
1. Major chip making and equipment providers like Tokyo Electron and ASML have already faced restrictions on selling advanced technology to China.
2. The US may use the Foreign Direct product Rule to restrict foreign-made products with American technology, potentially impacting equipment maintenance and servicing for Chinese companies.
3. Tech companies like Applied Materials, Lam Research, and KLA are voicing opposition to the proposed measures, fearing potential backlash and defiance from Japan and the Netherlands.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro