New US Rule on Foreign Chip Equipment Exports to China to Exempt Some Allies - Reuters
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Price: $222.27 +1.34%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.5%
Revenue Growth %: +90.7%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.5%
Revenue Growth %: +90.7%
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(Updated - July 31, 2024 1:03 PM EDT)
New US Rule on Foreign Chip Equipment Exports to China to Exempt Some Allies - Reuters
- President Joe Biden's administration plans to unveil a new rule next month that will expand U.S. powers to stop exports of semiconductor manufacturing equipment from some foreign countries to Chinese chipmakers.
- Shipments from allies including Japan, the Netherlands and South Korea will be excluded, limiting the impact of the rule.
- ASML and Tokyo Electron will not be affected.
- The new rule would bar about half a dozen Chinese semiconductor fabrication factories, or fabs.
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