Trump Team Seeks to Toughen Biden's Chip Controls Over China [Yahoo! Finance Canada]
TOKYO ELECTRON UNSP/ADR (TOELY)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Trump officials recently met with their Japanese and Dutch counterparts about restricting Tokyo Electron Ltd. and ASML Holding NV engineers from maintaining semiconductor gear in China, according to people familiar with the matter. The aim, which was also a priority for Biden, is to see key allies match China curbs the US has placed on American chip-gear companies, including Lam Research Corp., KLA Corp. and Applied Materials Inc. Related: Applied Materials Falls as Export Controls Weigh on Outlook The meetings come in addition to early discussions in Washington about sanctions on specific Chinese companies, other people said. Some Trump officials also aim to further restrict the quantity and type of Nvidia Corp. chips that can be exported to China without a license, said some of the people, who asked not to be identified because the deliberations are private. The broad goal in Washington is to prevent China from further developing a domestic semicond
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