Citing several people familiar with the matter, Reuters reports that the administration of United States President Joe Biden is considering plans to extend next month restrictions on shipments of semiconductors and chip-making tools from the United States to China.
Additional comments
“The Commerce Department intends to publish new regulations based on restrictions communicated in letters earlier this year to three US companies: KLA Corp, Lam Research Corp and Applied Materials Inc.”
“The regulations would probably include additional actions against China. The restrictions could also be changed and the rules published later than expected.”
A senior Commerce official said: “As a general rule, we seek to codify any restrictions that are in the informed letters with a regulatory change.”
Source: Fx Street
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