4 ms·
China to restrict exports of chipmaking materials as US mulls new curbs
- jussij 3y agoThis sounds like it might be a form of retaliation against the Biden Administration’s CHIPS Act. The problem China faces going forward; while this might cause some disruption in the short term, this is not a good long-term strategy, as it will drive up production or rare-earth materials in other parts of the world. That is already happening here in Australia, where the number of rare-earth miners listing on the ASX stock exchange has gone through the roof, and many of them are making healthy profits.
- testrun 3y agoA little more detail from Reuters: https://www.reuters.com/technology/us-firm-axt-applying-permits-after-china-restricts-chipmaking-exports-2023-07-04/ https://www.reuters.com/technology/us-firm-axt-applying-perm...