Today: November 15, 2024
February 5, 2023
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Japan government to restrict semiconductor manufacturing exports to China

Japan government to restrict semiconductor manufacturing exports to China

The Japanese government will begin to restrict exports of advanced manufacturing equipment for semiconductors to China in the spring, after amending a foreign exchange law to allow the exchange, the Kyodo News agency reported on Saturday.

The new regulations will not specifically mention China in an attempt to reduce the risk of retaliation from Beijing, according to the report, which did not specify where it got the information.

Japan and Holland agreed to join America on the brake to shipments of semiconductor manufacturing equipment produced by companies such as Nikon Corporation and ASML Holdings in an attempt to stop China from developing advanced chips that could be used to boost its military power, sources told Reuters, confirming earlier reports in various media.

However, Washington is the only country that has acknowledged the existence of the agreement and has not yet released the details of the equipment that will be restricted.

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