Last Updated: March 11, 2023, 16:09 IST
The Biden administration plans to coordinate with the Netherlands and Japan, in accordance with the report.
The Biden administration is working to additional tighten restrictions on exporting semiconductor manufacturing gear to China.
The Biden administration is working to additional tighten restrictions on exporting semiconductor manufacturing gear to China, Bloomberg News reported on Friday citing folks conversant in the scenario.
The authorities has briefed U.S. corporations in regards to the plan and informed them it expects to announce the restrictions as early as subsequent month, the report mentioned.
The Biden administration plans to coordinate with the Netherlands and Japan, in accordance with the report.
This week, Dutch authorities mentioned it plans new restrictions on semiconductor expertise exports to China to guard nationwide safety.
Chinese overseas ministry spokesperson Mao Ning mentioned on Thursday that China was firmly against the restrictions as a method “to intervene and limit normal economic and trade exchanges between Chinese and Dutch companies.”
The U.S. had imposed a slew of export restrictions late final 12 months together with a measure to chop China off from sure semiconductor chips made wherever on this planet with U.S. tools.
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(This story has not been edited by News18 employees and is printed from a syndicated information company feed)
