AsianFin -- The Trump administration is working on strengthening U.S. semiconductor restrictions and urging its key allies to ramp up their own limitations on China’s chip industry.
This move signals that the incoming president intends to build upon efforts initiated by Joe Biden to curb Beijing’s technological advancements.
Trump officials have recently engaged with their counterparts in Japan and the Netherlands, discussing measures to prevent engineers from Tokyo Electron Ltd. and ASML Holding NV from servicing semiconductor equipment in China.
This objective, which was also a priority under Biden, aims to align the actions of U.S. allies with the restrictions the U.S. has imposed on American chip equipment companies such as Lam Research Corp., KLA Corp., and Applied Materials Inc.
Explore more exclusive insights at nextfin.ai.