SINGAPORE, Dec 30 (Reuters) – China is requiring chipmakers to use at least 50% domestically made equipment for adding new capacity, three people familiar with the matter said, as Beijing pushes to build a self-sufficient semiconductor supply chain. The rule is not publicly documented, but chipmakers seeking state approval to build or expand their plants…
US treasury secretary Scott Bessent criticised China’s decision to tighten control of rare earth exports, calling it a “mistake” that cautioned everyone.Reflecting on China’s decision to introduce new export restrictions in October, Bessent said the move had revealed Beijing’s willingness to weaponise rare earths, a group of minerals that are vital to defence systems, electric…
By Doina Chiacu, Maiya Keidan and Alexandra Alper (Reuters) -Washington’s decision to delay a rule on export restrictions for Chinese companies, announced by China after Thursday’s summit meeting with U.S. President Donald Trump, could end up making the measure ineffective, former U.S. officials said. The one-year suspension of the so-called affiliates rule, which had sought…
By Doina Chiacu and Alexandra Alper (Reuters) -The U.S. will suspend for one year a new measure that vastly expanded the number of Chinese firms facing tough restrictions on access to U.S. technology, U.S. Treasury Secretary Scott Bessent said on Thursday. The move, agreed as part of President Donald Trump and Chinese leader Xi Jinping’s…
Nvidia CEO Jensen Huang called for a careful, balanced approach to regulating China’s access to key U.S. technologies essential for advancing artificial intelligence. Speaking with Citadel Securities on Tuesday, Huang cautioned that measures that hurt China could also backfire on the U.S., sometimes with even greater consequences. “Before we leap towards policies that are hurtful…
US Treasury Secretary Scott Bessent confirmed plans to speak with Chinese Vice-Premier He Lifeng on Friday in a further sign of easing tensions ahead of a potential meeting between the two countries’ leaders. “The vice-premier, who is my counterpart, and I will be speaking this evening at around 8.30, 9 o’clock,” Bessent said at the…
This article first appeared on GuruFocus. ASML Holding NV (NASDAQ:ASML) struck a confident tone this week after Beijing unveiled new export restrictions on rare earth materialscritical inputs for chip manufacturing that have sent tremors through the global semiconductor supply chain. Chief Financial Officer Roger Dassen said the company is well prepared, noting that ASML’s long…
The Dutch government has taken control of the Chinese-owned chip company Nexperia after pressure from Washington, a move underscoring how countries find themselves between the United States and China in the race for technological advantage. The Nijmegen-based company specializes in low-end chips for consumer electronics, automotive, and industrial sectors and has manufacturing facilities in Germany…
Spectators watch two Unitree humanoid robots facing off in a boxing ring at a tech show in Hangzhou, Zhejiang province, eastern China, on September 28, 2025. FEATURECHINA/Newscom/Sipa USA Beijing reacted sharply to new U.S. steps against Chinese tech companies, calling them an “extremely malicious” move and noting that it could heighten tensions in the technology…
China’s top anti-espionage agency has warned of foreign attempts to bypass Chinese export controls to obtain rare minerals essential for cutting-edge military applications. The warning from the Ministry of State Security on Saturday came as it revealed two antimony smuggling cases, one involving a family-run criminal network and the other a group of traffickers. “Certain…