China hits back in the chip war, imposing export curbs on crucial raw materials | CNN Business

Gallium and germanium will be subject to export controls starting August 1 “to protect national security and interests,” China’s Ministry of Commerce said in a statement Monday. Exporters of these raw materials will need to apply for “special permission from the state” to ship them out the country, the statement said. Gallium and germanium are used in a variety of products, including computer chips and solar panels.

The new rules mean that ASML\n \n , Europe’s largest tech firm, will need to apply for export licenses for products used to make microchips. Japan and the United States have also taken steps to limit Chinese companies’ access to chips and chipmaking equipment. Italy last month imposed several curbs on Pirelli’s biggest shareholder, Sinochem, to block the Chinese government’s access to sensitive chip technology.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

China is lining up a Harvard-trained economist as its next central bank chief | CNN BusinessChina has named an economist who studied at Cambridge University and Harvard University to a key political post at its central bank that could position him to eventually replace governor Yi Gang.
Fuente: cnni - 🏆 326. / 59 Leer más »

Tesla smashed it last quarter but China's BYD did even better | CNN BusinessBYD outpaced Tesla in the second quarter as the Chinese carmaker posted record sales of hybrid and electric vehicles.
Fuente: cnni - 🏆 326. / 59 Leer más »