Biden Reaches China Chip Export Limit Deal With Dutch, Japan

Biden Reaches China Chip Export Limit Deal With Dutch, Japan

President Joe Biden’s administration secured an settlement with the Netherlands and Japan to limit exports of some superior chipmaking equipment to China in talks that concluded Friday in Washington, in keeping with individuals conversant in the matter.

The settlement, geared toward undercutting Beijing’s ambitions to construct its personal home chip capabilities, would lengthen some export controls the US adopted in October to corporations based mostly within the two allied nations, together withASML Holding NV,Nikon Corp. andTokyo Electron Ltd.