The US faces a massive uncertainity with its chip industry under China's newest rare earth export control measures, and they could potentially force TSMC not to sell its chips to American companies. Beijing Is Moving Towards Introducing an Export License For Foreign Entities If They Are Reliant on Chinese Rare Earth Materials The US-China trade dispute has taken a massive turn in the past few days, especially after the announcement by Beijing that it will be ramping up the export controls on 'rare earths', adding extra scrutiny towards semiconductor firms like TSMC. As the world's largest producer of rare earths, […]

Read full article at https://wccftech.com/tsmc-could-be-barred-from-selling-chips-to-the-us-under-china-rare-earths-export-control/

Details surrounding the broad-based framework agreement reached between the US and China in London on Tuesday are finally flooding in today, indicating some concessions to China on the stranglehold around silicon chips and a moderation in the US stance towards Chinese students in return for processed rare earths and magnets from China. We had noted towards the end of May that China's restrictions on the export of processed rare earths and magnets were creating a sizable disruption for the US auto sector in particular, with some auto plants reportedly on the cusp of reducing or entirely halting their output. For […]

Read full article at https://wccftech.com/lutnick-we-are-not-giving-china-our-best-chips-concedes-that-china-has-refused-to-budge-on-the-issue-of-fentanyl-precursors/