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That followed the U.S. decision to impose export restrictions to curb China's access to key technologies used for artificial intelligence (AI). China has been the go-to for companies because it is able to export processed minerals at a lower cost than other countries. In Taiwan, a senior government official said China's restrictions on exports of gallium and germanium marked "a new wave of retaliation" in a "tit-for-tat approach." Some industry watchers believed China's metals restrictions could trigger short-term supply snags and higher prices. But Navitas Semiconductor Corp (NVTS.O), which makes chips that use a substance called gallium nitride, on Wednesday said it expects no adverse effects to its business from China's export controls.

Persons: China's, Stewart Randall, Janet Yellen, Roy Lee, John Strand, Supantha Mukherjee, Hakan Ersen, Ben Blanchard, Brenda Goh, Kanishka Singh, Anne Marie Roantree, David Gaffen, David Gregorio Our Organizations: U.S . Department of Commerce, EV, Sweden's Ericsson, Ericsson, U.S, Treasury, Navitas Semiconductor Corp, Thomson Locations: SHANGHAI, STOCKHOLM, WASHINGTON, Beijing, U.S, China, United States, Shanghai, Intralink, Netherlands, Australia, Europe, Taiwan, South Korea, Japan, Korea, Copenhagen, Stockholm, Berlin, Taipei, Washington

☆ Germany's Scholz hints at more chip investments
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +2 min

"I know of other plans by German companies and many others," Scholz told the Bundestag lower house of parliament after listing recent projects announced by chipmakers Intel (INTC.O) and Infineon (IFXGn.DE). He vowed that Germany's efforts would help companies become less dependent on semiconductor supplies from other regions, days after China announced restrictions on two metals used in high-speed computer chips. "Many people around the world have understood that we have to become resilient, and that there are certain industries that should necessarily be located here in Europe and in Germany," Scholz said. Intel announced plans last month to spend more than 30 billion euros ($33 billion) on developing two chip-making plants in the central city of Magdeburg. "It's an impressive signal that so many German and international companies are choosing Germany for the expansion of their semiconductor production," Scholz told the Bundestag.

Persons: Olaf Scholz, Scholz, Taiwan's TSMC, Tesla, Matthias Williams, Sarah Marsh, Miranda Murray, Friederike Heine, Emma Rumney Organizations: chipmakers Intel, Infineon, Union, Intel, Thomson Locations: BERLIN, Germany, Europe, China, Moscow, Magdeburg, Berlin

☆ India can aim lower in its chip dreams
▼ + stars: | 2023-07-05 | by ( Pranav Kiran | ) www.reuters.com time to read: +3 min

BENGALURU, July 5 (Reuters Breakingviews) - India’s semiconductor dreams are facing a harsh reality. After struggling to woo cutting-edge chipmakers like Taiwan Semiconductor Manufacturing (2330.TW) to set up operations in the country, the government may now have to settle for producing less-advanced chips instead. Prime Minister Narendra Modi wants to “usher in a new era of electronics manufacturing” by turning India into a chipmaking powerhouse. Mining conglomerate Vedanta’s $19.5 billion joint venture with iPhone supplier Foxconn (2317.TW) has stalled; plans for a separate $3 billion manufacturing facility appear to be in limbo, Reuters reported in May. Aiming lower could be just what India’s chip ambitions need.

Persons: Narendra Modi, China's, It’s, Ashwini, Robyn Mak, Thomas Shum Organizations: Reuters, Taiwan Semiconductor Manufacturing, Micron Technology, Micron, Taiwan’s, Zion Market Research, Semiconductor Industry Association, Financial, Thomson Locations: BENGALURU, China, India, U.S, Gujarat, Zion, , New Delhi, Taiwan, Washington, Beijing

In 2022, top importers of China's gallium products were Japan, Germany and the Netherlands, news website Caixin said, citing customs data. Top importers of germanium products were Japan, France, Germany and the United States, it said. The buyers were anticipating it could take as long as two months to obtain export permits. Jefferies analysts said they saw the export controls as China's second and bigger countermeasure after the Micron ban. "If this action doesn't change the U.S.-China dynamics, more rare earth export controls should be expected."

Persons: Peter Arkell, Jeffries, Janet Yellen, Arkell, Caixin, Morris Young, Roy Lee, Amy Lv, Brenda Goh, Siyi Liu, Kentaro Sugiyama, Joyce Lee, Ben Blanchard, Melanie Burton, Tom Hogue Organizations: China, Companies, Global Mining Association of China, U.S, AXT Inc, Micron, Jefferies, ., Thomson Locations: China, Beijing BEIJING, SHANGHAI, United States, Washington, Beijing, Japan, Germany, Netherlands, France, Europe, Taiwan, South Korea, Yunnan, Shanghai, Tokyo, Seoul, Taipei, Melbourne

☆ US firm AXT applying for permits after China restricts chipmaking exports
▼ + stars: | 2023-07-04 | by ( ) www.reuters.com time to read: +2 min

California-headquartered AXT, which has manufacturing facilities in China, said its Chinese subsidiary Tongmei would immediately proceed to apply for the permits. China's commerce ministry said on Monday it would control exports of eight gallium products and six germanium products from Aug. 1 to protect its national security and interests. Gallium is used in gallium nitride and gallium arsenide compound semiconductors for products ranging from power electronics to 5G base stations. In 2022, top importers of China's gallium products were Japan, Germany and the Netherlands, news website Caixin said, citing customs data. Top importers of germanium products are Japan, France, Germany and the United States.

Persons: Morris Young, AXT, Jefferies, Caixin, Brenda Goh, Tom Hogue Organizations: AXT Inc, U.S ., Micron, ., Thomson Locations: SHANGHAI, China, Beijing, . California, United States, Washington, U.S, Netherlands, Japan, Germany, France

☆ China to restrict exports of chipmaking materials as US mulls new curbs
▼ + stars: | 2023-07-04 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

FILE PHOTO: Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. The controls, which China said were aimed at protecting national security and interests, will require exporters to seek permission to ship some gallium and germanium products. China’s controls, to take effect from August 1, will apply to eight gallium-related products: gallium antimonide, gallium arsenide, gallium metal, gallium nitride, gallium oxide, gallium phosphide, gallium selenide and indium gallium arsenide. They will also apply to six germanium products: germanium dioxide, germanium epitaxial growth substrate, germanium ingot, germanium metal, germanium tetrachloride and zinc germanium phosphide. Anyone exporting these products without permission and those who export in excess of the permitted volumes will be punished, it said.

Persons: Florence Lo Organizations: REUTERS Locations: China, U.S, BEIJING, Beijing, United States, Washington, Netherlands

☆ The US could restrict Chinese companies from using cloud service providers like Amazon and Microsoft
▼ + stars: | 2023-07-04 | by ( Thomas Maxwell | ) www.businessinsider.com time to read: +2 min

Chinese companies currently cannot purchase advanced chipsets from companies like Nvidia. The Biden administration could restrict block US-based cloud providers from supplying their services to Chinese companies, the Wall Street Journal reported. These new restrictions could curb American cloud providers like Amazon Web Services and Microsoft from selling cloud access to AI developers in China. Chinese companies could still train complex AI programs by renting resources from the likes of AWS or Microsoft, both of which offer cloud services in China and compete with Chinese cloud providers like Alibaba. The White House, Commerce Department, Nvidia, Microsoft, and Amazon did not immediately respond to Insider's requests for comment.

Persons: Biden Organizations: Wall Street Journal, Nvidia, US, Morning, Amazon Web Services, Microsoft, Huawei, , Commerce Department, Amazon Locations: China, American, Montana

☆ China just played a trump card in the chip war. Are more export curbs coming?
▼ + stars: | 2023-07-04 | by ( Laura He | ) edition.cnn.com time to read: +6 min

Beijing hit back Monday by playing a trump card: It imposed export controls on two strategic raw materials, gallium and germanium, that are critical to the global chipmaking industry. Last October, the Biden administration unveiled a set of export controls banning Chinese companies from buying advanced chips and chip-making equipment without a license. Beyond China, Australian rare earths producers also advanced, as investors expected Beijing might extend export curbs to that group of strategically important minerals. “If this action doesn’t change the US-China dynamics, more rare earth export controls should be expected,” Jefferies analysts said. China cut its rare earths export quota in 2010 amid tensions with the United States.

Persons: ”, Biden, China’s, Janet Yellen, Jefferies, ” Jefferies, CNN’s Hanna Ziady, Xiaofei Xu Organizations: Hong Kong CNN, Jefferies, Micron Technology, Micron, China, Geological Survey, Eurasia Group, Group, United, Analysts Locations: Hong Kong, China, United States, Beijing, Washington, Netherlands, Japan, Australian, States, United Kingdom, Germany, Belgium

The pan-European STOXX 600 index (.STOXX) closed 1.2% higher. European shares still advanced 8.7% in the first six months of the year. Miners (.SXPP) were a big drag this quarter, down 9.2% as worries around top metals consumer China weighed heavily on metal prices. The real estate sector (.SX86P) rose 1.7%, buoyed by 4.3% gains in shares of LEG Immobilien (LEGn.DE) after the German firm raised its 2023 outlook. Shares in Adidas (ADSGn.DE) and Puma (PUMG.DE), which had fallen earlier on Nike's (NKE.N) dour forecast, reversed course to rise 2.5% and 3.3%, respectively.

Persons: Melanie Debono, Hubert de, Amruta Khandekar, Matteo Allievi, Varun H, Eileen Soreng, David Evans Organizations: European Central Bank, Pantheon, ECB, Capital Economics, MIB, Miners, Adidas, Puma, Thomson Locations: Europe, U.S, Hubert de Barochez, China, Bengaluru, Gdansk

☆ TSMC confirms supplier data breach following ransom demand by Russian-speaking cybercriminal group
▼ + stars: | 2023-06-30 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +2 min

Confirmation of the breach came after Russian-speaking cybercriminals claimed TSMC as a victim on Thursday and demanded an extraordinary $70 million ransom from the semiconductor firm. There were no signs that TSMC or the hardware supplier, Taiwanese firm Kinmax, had any plans to pay the hackers (representatives from both companies didn’t respond to CNN’s questions about any ransom). “After the incident, TSMC has immediately terminated its data exchange with this concerned supplier in accordance with the Company’s security protocols and standard operating procedures,” TSMC said in a statement to CNN. The hackers accessed Kinmax’s internal “testing environment” for the technology it prepares to deliver to customers, Kinmax said in a statement distributed by TSMC. LockBit is the name of the group claiming responsibility for the hack of the TSMC supplier and the type of ransomware they use.

Persons: cybercriminals, TSMC, —, ” TSMC, Kinmax, LockBit, LockBit ransomware, Jon DiMaggio Organizations: CNN, Apple, TSMC Locations: Taiwan’s

☆ US targets China over semiconductors
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +3 min

The case initially started as a dispute between Micron Technology (MU.O) and the Chinese firm. Trump's move escalated it into the realm of an international trade conflict between the United States and China. January 2020: Reuters reported that the Trump administration had since 2018 had mounted an extensive campaign to block the sale of Dutch chip manufacturing technology to China. May 2020: The Trump administration blocks shipments of semiconductors to China's Huawei Technologies from global chipmakers, crippling its HiSilicon chip and smartphone divisions. December 2022: The U.S. adds Chinese memory chip maker YMTC and dozens of other Chinese firms to its trade blacklist.

Persons: Florence Lo, Joe Biden's, Donald Trump's, Trump's, Trump, Biden, Brenda Goh, Jamie Freed Organizations: REUTERS, Trump, Washington, Reuters, Former U.S, U.S . Justice Department, Micron Technology, Huawei Technologies, HK, Nvidia, Micron Devices, Thomson Locations: China, U.S, Netherlands, Former, Fujian, United States, ASML, Shanghai

☆ Asian chip stocks rally after Micron's bullish forecast signals easing supply glut
▼ + stars: | 2023-06-29 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +2 min

The U.S. chipmaker reported third quarter earnings that beat estimates, thanks to higher demand for its memory chips driven by the booming A.I. Shares of Asian chipmakers rallied on Thursday after Micron Technology 's bullish outlook overnight, which indicated the sector's supply glut may finally be easing. "We have increased confidence that the industry has passed the bottom for quarterly revenue and year-on-year revenue growth," Mehrotra added. is driving higher-than-expected industry demand for memory and storage for A.I. servers, while traditional server demand for mainstream data center applications continues to be lackluster," Micron's statement said.

Persons: Sanjay Mehrotra, chipmaker, chipmakers, Mehrotra, Patrick Moorhead, CNBC's Organizations: Micron Technology Inc, Micron Technology, Micron, Reuters Locations: Boise , Idaho, U.S, Refinitiv

☆ Exclusive: US, Dutch set to hit China's chipmakers with one-two punch
▼ + stars: | 2023-06-29 | by ( Karen Freifeld | ) www.reuters.com time to read: +4 min

ASML said in March it expects the Dutch regulations to affect its TWINSCAN NXT:2000i and more sophisticated models. But the company's older DUV models, like one called the TWINSCAN NXT:1980Di, could also be kept from about six Chinese facilities by the U.S. The new Dutch regulations will not take effect immediately, sources said, with one person expecting the effective date to be September, two months after publication. ASML is Europe's largest chip equipment company due to its dominance in lithography, one of the central steps in the computer chip making process. Other companies that could be impacted by the new Dutch rules include atomic layer deposition firm ASM International.

Persons: Liu Pengyu, ASML, Karen Freifeld, Toby Sterling, Anna Driver, Stephen Coates Organizations: . Commerce Department, Lam Research, Materials, Embassy, Nikon Corp, Tokyo Electron, U.S, SMIC, International, Thomson Locations: United States, Netherlands, U.S, China, Washington, Japan, ASML'S, Almere, Amsterdam

☆ U.S., Dutch set to hit China's chipmakers with one-two punch
▼ + stars: | 2023-06-29 | by ( ) www.cnbc.com time to read: +4 min

Japan, home to chip equipment makers Nikon and Tokyo Electron , has since adopted rules to restrict exports of 23 types of semiconductor manufacturing equipment that will take effect July 23. ASML said in March it expects the Dutch regulations to affect its TWINSCAN NXT:2000i and more sophisticated models. But the company's older DUV models, like one called the TWINSCAN NXT:1980Di, could also be kept from about six Chinese facilities by the U.S. The new Dutch regulations will not take effect immediately, sources said, with one person expecting the effective date to be September, two months after publication. ASML is Europe's largest chip equipment company due to its dominance in lithography, one of the central steps in the computer chip making process.

Persons: Mark Rutte, Joe Biden, Liu Pengyu, ASML Organizations: . Commerce Department, Lam Research, Materials, Embassy, Nikon, Tokyo, U.S, SMIC, International Locations: Netherlands, U.S, China, United States, Washington, Japan, ASML'S, Almere

European stocks were cautiously higher Thursday as investors assessed commentary from leading central bankers on the need to continue the fight against inflation. The pan-European Stoxx 600 nudged 0.3% higher by late morning, with retail stocks adding 1.7% to lead gains while travel and leisure stocks fell 0.4%. A further message from the conference this week has been on market pricing of swift interest rate cuts from the ECB. The Stoxx 600 closed 0.7% higher Wednesday after staging a cautious turnaround from six straight negative sessions on Tuesday. U.S. futures were slightly higher as banks rose after passing the Federal Reserve's annual stress test.

Persons: Christine Lagarde, Andrew Bailey, Jerome Powell, Powell, Lagarde, England's Bailey, Philip Lane, Chipmakers Organizations: CNBC, European Central Bank, Wednesday, Bank of England, Federal, ECB, Journal Locations: Sintra , Portugal, U.S, China, Asia, Pacific

☆ The tiny government agency behind a Chinese A.I. chip ban that's weighing on Nvidia
▼ + stars: | 2023-06-28 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

As reports swirl about potential U.S. limits on semiconductor exports to China, a small division within the sprawling Commerce Department is taking on an outsized role. Nvidia warned in August 2022 that around $400 million in potential Chinese sales would be lost unless customers purchased "alternative product offerings." Just a few months later, Nvidia began to offer a watered-down version of its flagship AI chip for the Chinese market. Dubbed the A800, its lower-end specifications exempted it from Commerce Department licensing requirements. Through its Commerce Control List, the BIS can define which product specifications require licenses to be sold overseas.

Persons: Gina Raimondo, Biden Organizations: Commerce, Justice, Science, Capitol, Washington , D.C, Commerce Department, Industry, Security, BIS, Nvidia, Biden, Street, Control, AMD, Seagate, Huawei Locations: Washington ,, China

☆ Chip stocks smacked as U.S. mulls fresh curbs on AI access to China
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +2 min

Nvidia fell 4%, Advanced Micro Devices 3.3% and Intel 0.7%, while futures tracking the tech-heavy Nasdaq 100 index edged 0.5% lower. The new restrictions being considered by the Commerce Department would include a ban on the sale of Nvidia's advanced chip called A800 without a special U.S. export license. The Philadelphia chip index (.SOX) has surged more than 44% so far this year, far ahead of the benchmark index's (.SPX) 14% rise. Among other chip stocks, Marvell Technology (MRVL.O), Applied Materials (AMAT.O), Intel (INTC.O), Microchip Technology (MCHP.O) fell between 1.1% and 3% on Wednesday. Across the Atlantic, Nordic Semiconductor (NOD.OL), Dutch chipmaker ASML (ASML.AS), Milan-listed STMicroelectronics , however, gained between 1.2% and 2%.

Persons: chipmakers, Biden, Susannah Streeter, Hargreaves Lansdown, Medha Singh, Arun Koyyur Organizations: Companies, Nvidia, Devices, Intel, U.S ., Commerce Department, Wall Street, AMD, Marvell Technology, Materials, Technology, Nordic Semiconductor, Thomson Locations: China, U.S, Philadelphia, Milan, Bengaluru

☆ Chipmaker Micron tops revenue estimates on demand from booming AI
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +2 min

[1/2] The company logo is seen on the Micron Technology Inc. offices in Shanghai, China May 25, 2023. REUTERS/Aly Song/File PhotoJune 28 (Reuters) - Micron Technology (MU.O) beat analysts' estimates for third-quarter revenue on Wednesday, driven by demand for its memory chips from the fast-growing artificial intelligence sector. Micron reported revenue of $3.75 billion for the quarter ended May 31, compared with estimates of $3.65 billion, according to IBES data from Refinitiv. Micron, the biggest U.S. memory chipmaker, has said that it expects the ban to impact about half of its revenue from China-headquartered firms, which equates to a low-double-digit percentage of total revenue. Micron fourth-quarter revenue of $3.9 billion plus or minus $200 million for the quarter ending Aug. 31, largely in line with expectations.

Persons: Aly, Sanjay Mehrotra, OpenAI's, Akash Sriram, Sriraj Organizations: Micron Technology Inc, REUTERS, Micron Technology, Micron, U.S ., Thomson Locations: Shanghai, China, U.S, Bengaluru

☆ Stock futures rise slightly as the market nears the end of quarter and first half: Live updates
▼ + stars: | 2023-06-28 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Stock futures rose slightly in overnight trading Wednesday as the market approaches the end of the second quarter and the first half of 2023 with solid gains. S&P 500 futures rose 0.2% and Nasdaq 100 futures climbed 0.3%. On Wednesday, the S&P 500 closed near the flatline as investors digested Federal Reserve Chair Jerome Powell's latest comments about the tightening cycle. For the month of June, the S&P 500 is up 4.7%, on pace for its best monthly performance since January. In the second quarter, the equity benchmark has gained 6.5%, on track for its third positive quarter in a row.

Persons: Dow, Jason Draho, Jerome Powell's, Powell, Pablo Hernández de Cos Organizations: Dow Jones Industrial, Nasdaq, Micron Technology, JPMorgan, Bank of America, Federal, UBS Global Wealth Management, European Central Bank, Bank of Spain, Traders Locations: Madrid

☆ Chip stocks drop as U.S. mulls fresh curbs on AI access to China
▼ + stars: | 2023-06-28 | by ( Medha Singh | ) www.reuters.com time to read: +2 min

The Philadelphia chip index (.SOX) dropped 0.9%. Last year, U.S. officials had ordered Nvidia to stop exporting its top two AI chips to China to limit the country's technological capability. Months later, Nvidia launched a new advanced chip called A800 in China to meet export control rules. "A handful of tech companies pack a huge punch on Wall Street due to their sheer size, so any wobble in confidence reverberates on indices." The Philadelphia chip index (.SOX) has surged more than 44% so far this year, far ahead of the benchmark index's (.SPX) 14% rise.

Persons: chipmakers, Biden, Colette Kress, Susannah Streeter, Hargreaves Lansdown, Medha Singh, Akash Sriram, Arun Koyyur, Vinay Dwivedi Organizations: Nvidia, Devices, Intel, U.S ., Commerce Department, Wall, AMD, Nordic Semiconductor, Thomson Locations: China, U.S, Philadelphia, Milan, Bengaluru

☆ Nvidia dips on report U.S. considering new A.I. chip export restrictions for China
▼ + stars: | 2023-06-28 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Shares of Nvidia and Advanced Micro Devices both fell more than 2% in early trading after The Wall Street Journal reported the federal government is weighing new restrictions on exports of sophisticated chips used in artificial intelligence computing to China. The export restrictions under consideration would be imposed by the Commerce Department and would come after the U.S. government already limited the computing power of chips made for Chinese use. Nvidia responded to the earlier restrictions by building a lower-spec chip for the Chinese market. But under the new controls being considered, even that chip, the A800, would be export restricted without licensing, the Journal reported. The restrictions would also apply to companies that offer cloud-based computing solutions, the Journal reported, which have been used by some companies to skirt export controls.

Persons: Gina Raimondo, Antony Blinken, Katherine Tai, chipmakers Organizations: Commerce, EU Trade, Technology, Nvidia, Devices, Street Journal, Commerce Department, U.S, AMD, Marvell, Broadcom, Qualcomm Locations: U.S, College Park , Maryland, China

☆ How stocks reacted to Fed chief's comments and why Nvidia trimmed most of its losses
▼ + stars: | 2023-06-28 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Powell hints at future rate increases Strong demand outweighs potential AI crackdown Look out for the Fed's stress tests 1. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Powell, Jerome Powell's hawkish, Wells, Morgan Stanley, Jim Cramer's, Jim Organizations: CNBC, Wall Street Journal, Nvidia, Devices, Club, AMD Locations: Portugal, China

Will the U.S. tighten a cordon around A.I. The deliberations underscore the White House’s worries about falling behind in the race to dominate A.I. chips, after the Biden administration limited exports of the most advanced semiconductors last year, according to The Journal. That would include Nvidia’s A800 chips, which the company created specifically to comply with earlier restrictions, set by the Commerce Department, on computational performance. Those chips might now require a license to be sold to Chinese companies.

Persons: Biden, isn’t, Janet Yellen Organizations: Nvidia, AMD, Street Journal, Commerce Department Locations: U.S, China, A.I, Beijing

HONG KONG, June 27 (Reuters Breakingviews) - A government-led buyout signals more uncertainty ahead for a chip industry grappling with oversupply and geopolitics. The state-backed Japan Investment Corp will take over JSR (4185.T), which makes light-sensitive chemicals vital to manufacturing semiconductors, among other things. In recent years, the conglomerate has pivoted from a low-margin business of selling synthetic rubber used to make tyres to focus on semiconductor materials - primarily photoresists - and biopharmaceuticals. Yet JIC's mandate to boost the country’s global competitiveness and its focus on consolidating industries helps to justify the hefty premium. Either way, the government's focus on elevating national chipmaking champions creates fresh uncertainty for JSR's foreign customers like South Korea's Samsung Electronics (005930.KS) and Taiwan Semiconductor Manufacturing (2330.TW).

Persons: Sharp, Eric Johnson, Una Galani, Thomas Shum Organizations: Reuters, Japan Investment Corp, Renesas Electronics, chipmakers, Samsung Electronics, Taiwan Semiconductor Manufacturing, Japan Investment Corporation, Mizuho Bank, Development Bank of Japan, Thomson Locations: HONG KONG, Tokyo, Taiwan, Japan, United States, South Korea, South

☆ US considering new restrictions on AI chip exports to China - WSJ
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +1 min

June 27 (Reuters) - The United States is considering new restrictions on exports of artificial intelligence chips to China, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Shares of Nvidia (NVDA.O) fell more than 2%, while Advanced Micro Devices (AMD) (AMD.O) fell about 1.5% on the news in extended trading. The Commerce Department will stop the shipments of chips made by Nvidia and other chip companies to customers in China as early as July, the report said. Nvidia, Micron, and AMD are among the U.S. chipmakers caught in the crossfire between China and the Biden administration. Months later, Jensen Huang-led Nvidia said it will offer a new advanced chip called the A800 in China to meet export control rules.

Persons: chipmakers, Biden, Jensen Huang, Granth Vanaik, Akash Sriram, Maju Samuel, Shweta Agarwal Organizations: Wall Street, Nvidia, Devices, Commerce Department, Micron, AMD, U.S, The Commerce Department, Thomson Locations: United States, China, Bengaluru

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