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☆ China's ambitions for semiconductor self-sufficiency thwarted by lack of chipmaking tools
▼ + stars: | 2024-09-27 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +5 min

Making the most advanced semiconductors requires cutting-edge lithography scanners to print the small, complex circuit designs onto microchips. But the Dutch government has banned the sale of its most advanced equipment to China. "Recreating advanced lithography systems that took ASML decades to develop and commercialize is a tall order for any individual Chinese company," Triolo said. SHANGHAI, CHINA - NOVEMBER 8, 2023 - Visitors learn about lithography machines at the booth of ASML at the 6th CIIE in Shanghai, China, November 8, 2023. Meanwhile, the U.S. is not only restricting China's access to chips, but trying to boost its own industry thus further widening the technological gap.

Persons: Huai, Leping Huang, ASML, John Lee, Paul Triolo, Triolo, Lee, Camille Boullenois Organizations: Nurphoto, Getty, Huatai Securities, East, West Futures, Technological, China, DGA Group, ., Chips, Semiconductor Industry Association, Boston Consulting Group Locations: HUAI'AN, CHINA, Jiangsu province, China, U.S, . Netherlands, SHANGHAI, Shanghai, Taiwan

A drilling rig operates in the Permian Basin oil and natural gas production area in Lea County, New Mexico, U.S., February 10, 2019. In response, drilling rates have fallen with an average of just 501 rigs drilling for oil in October 2023 down from 623 in December 2022. U.S. GAS PRODUCTIONLike oil production, U.S. gas output has also continued to increase, a lagged response to high prices in 2022, but the subsequent slump in prices has been more severe and is causing a more pronounced slowdown in output growth. The combination of fewer drilling rigs, slower production growth, faster exports, and ultra-low prices stimulating consumption by power generators has largely eliminated surplus inventories carried over from 2022. Related columns:- U.S. oil producers reprieved by Saudi output cut (October 3, 2023)- U.S. oil and gas output still rising in response to high prices last year (June 1, 2023)John Kemp is a Reuters market analyst.

Persons: Nick Oxford, John Kemp, Emelia Sithole Organizations: REUTERS, U.S . Energy Information Administration, “ Petroleum, Twitter, Thomson, Reuters Locations: Lea County , New Mexico, U.S, Gulf, Mexico, Chartbook, Ukraine, Saudi Arabia, Russia, OPEC, Saudi

Oil drilling and production growth has slowed in a delayed response to the sharp drop in oil prices since the middle of 2022. In turn, the largest U.S. shale producers have indicated they have no intention of raising output in response to the recent rise in prices. US GAS PRODUCTIONLike U.S. oil production, gas output has also continued to increase, a lagged response to high prices in 2022, but the subsequent slump in prices has been more severe and is causing a more pronounced slowdown in output growth. With no equivalent of Saudi Arabia, Russia and OPEC+ to accelerate the rebalancing, U.S. gas producers have experienced prices lower for longer than their oil counterparts. Related columns:- U.S. oil futures surge as Cushing stocks evaporate (September 28, 2023)- Saudi oil minister deflects blame for rising prices(September 19, 2023)- U.S. oil and gas output nears peak(September 1, 2023)- U.S. oil and gas output still rising in response to high prices last year(June 1, 2023)John Kemp is a Reuters market analyst.

Persons: Liz Hampton, Cushing, John Kemp, Mark Potter Organizations: REUTERS, U.S . Energy Information Administration, Thomson, Reuters Locations: Loco Hills, New Mexico, U.S, Gulf, Mexico, Saudi Arabia, Russia, OPEC, Saudi

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