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US, Japan Near Agreement on Curbing Chip Tech Exports to CN: Report
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The US and Japan are close to reaching an agreement to restrict technology exports to China's chip industry, the Financial Times reported. The White House aims to announce new export control measures before the November presidential election, which include requiring non-US companies to obtain licenses for selling products to China. It is reported that the US government has been negotiating with Japan and the Netherlands for several months to establish a complementary export control system, ensuring that Japanese and Dutch companies do not become targets of the US "Foreign Direct Product Rule." Although the US and Japan are nearing a breakthrough in their negotiations, some Japanese officials warned of potential Chinese retaliation, which could include blocking the export of critical minerals. If mineral prices rise further, it could weaken the competitiveness of Japanese products. Liu Pengyu, a spokesperson for the Chinese Embassy in Washington, stated that China is closely monitoring the situation and will firmly safeguard the legitimate rights and interests of Chinese enterprises. AAStocks Financial News |
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