Sources: the US is mulling imposing the foreign direct product rule, seen as draconian by allies, on Tokyo Electron and ASML's chip equipment business in China

- Restrictions would hit technology from Tokyo Electron and ASML — US companies like Lam have urged softer approach in meetings

Bloomberg 2024-07-17

@mackhawk Mackenzie Hawkins on x
The Biden admin, facing pushback to its chip crackdown on China, has told allies it may invoke direct US restrictions on foreign firms The goal is to leverage Tokyo & the Hague to tighten their own curbs—but allies aren't budging ahead of the US election https://www.bloomberg.com…
@6d6f636869 Takashi Mochizuki on x
NEW: US is considering most severe trade restriction called FDPR to control chip-making tool exports to China if companies such as Tokyo Electron and ASML continue giving China access to advanced chip technology. https://www.bloomberg.com/...
@thorstenbenner Thorsten Benner on x
Biden considering imposing “draconian” FDPR on semiconductor technology exports by allies — with Netherlands, Japan, Korea key targets. Germany's Zeiss & Trumpf might also be affected by new US efforts to keep “as large a lead as possible” over China. https://www.bloomberg.com/..…
@technology @technology on x
Tokyo Electron shares tumbled by the most in three months after Bloomberg reported US discussions about using its most severe trade restrictions to curb China's access to advanced semiconductor technology https://www.bloomberg.com/...
r/wallstreetbets r on reddit
US Floats Idea of Tougher Trade Rules Against Companies (e.g. $ASML, Tokyo Electron) in Chip Crackdown on China

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