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According to the American edition of Bloomberg, citing its sources, the administration of President Joe Biden still concluded an agreement with the Netherlands and Japan to restrict the export of some advanced machines for the production of chips to China. The agreement was reached at the talks, which ended on Friday in Washington.
The publication notes that the agreement is aimed at undermining Beijing's ambitions to create its own chip production facilities in the domestic market. According to the agreement, companies such as ASML Holding NV (Netherlands) and Nikon Corp. with Tokyo Electron Ltd. (Japan), they will begin to limit the supply of some of their high-tech products to China. In particular, these companies will stop supplying equipment to China that can be used to produce advanced chips.
The agreement is a victory for Biden, who seeks to contain the growth of Beijing's power by cutting off the country from the tiniest semiconductors in the world, writes Bloomberg.
However, ASML Chief Executive Officer Peter Wennink warns that US policy may have unintended consequences, noting that it will not be difficult for Beijing to move to developing its own technology and not depend on importing it.
Wennink said.
