US Floats Stricter Trade Rules to Rein In China’s Chip Industry – Bloomberg Law
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
By Mackenzie Hawkins, Ian King, Cagan Koc and Takashi Mochizuki
The Biden administration, facing pushback to its chip crackdown on China, has told allies that it’s considering using the most severe trade restrictions available if companies such as <-bsp-bb-link state="{"bbHref":"bbg://securities/8035%20JP%20Equity/MGMT","_id":"00000190-c168-d69d-abf3-eb7b746a0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Tokyo Electron Ltd. and <-bsp-bb-link state="{"bbHref":"bbg://securities/ASML%20NA%20Equity/BQ","_id":"00000190-c168-d69d-abf3-eb7b746a0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">ASML Holding NV continue giving the country access to advanced semiconductor technology.
Seeking leverage with allies, the US is mulling whether to impose a measure called the foreign direct product rule, or FDPR, said people familiar with recent discussions. The rule lets the country impose controls on foreign-made products that use even the tiniest amount of American technology.
Such a step — seen by allies as draconian …
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