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☆ US firm AXT says China unit has initial export permits for key chipmaking metals
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

The elements of Gallium and Germanium are seen on a periodic table, in this illustration picture taken on July 6, 2023. REUTERS/Florence Lo/Illustration Acquire Licensing RightsBEIJING, Sept 22 (Reuters) - U.S. semiconductor wafer maker AXT Inc (AXTI.O) said its Chinese subsidiary Beijing Tongmei had received initial export permits for shipping gallium arsenide and germanium substrates - compounds key to chipmaking - to certain customers. China's Ministry of Commerce said on Thursday that some Chinese companies had obtained export licences for gallium and germanium products, with more still being reviewed. This came after China's exports of germanium and gallium items plunged in August, the first month of the export controls，customs data showed on Wednesday. There were also no exports of wrought gallium products in August, compared to 5.15 tons in July and 7.67 tons in August in 2022, the data showed.

Persons: Florence Lo, Beijing Tongmei, Tongmei, Amy Lv, Dominique Patton, Tom Hogue, Stephen Coates Organizations: REUTERS, Rights, AXT Inc, Beijing, China's Ministry of Commerce, China, Thomson Locations: Rights BEIJING, . California, China, Beijing, United States, Washington

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

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