China Sanctions US Companies Over Taiwan Arms Sales

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Any assets they have in China will be frozen, and organizations and individuals in China are prohibited from engaging in any activity with them, it said. Zhang Xiaogang, a Chinese Defense Ministry spokesperson, said earlier this week that the U.S. is hyping up the “so-called” threat from China to justify increased military spending.

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China Sanctions Seven US Companies Over Taiwan Arms SalesThe Chinese government has imposed sanctions on seven US companies in response to recent US military sales and aid to Taiwan. The sanctions come after the US Congress approved a defense spending bill that includes provisions supporting Taiwan. China views US military assistance to Taiwan as a threat to its sovereignty and has repeatedly condemned such actions.
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Global Semiconductor Firms Surge as U.S. Considers Less Severe Sanctions on China's Chip IndustryLeading semiconductor equipment companies saw a surge in their shares after a report suggesting less severe sanctions on China's chip industry by the U.S. ASML and Tokyo Electron saw notable increases in their stock prices.
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