🚀【Financial News】New US chip regulations for China are about to be implemented! 💥

The Biden administration plans to announce new regulations in August to prevent foreign companies from exporting chip manufacturing equipment to China. Affected countries include Israel, Taiwan, Singapore and Malaysia, but allied companies such as Japan, the Netherlands and South Korea are excluded.

The United States also plans to add about 120 Chinese entities to the restricted trade list, including six chip manufacturers and related companies. The new regulations have not yet been implemented, but the United States has repeatedly imposed controls on Chinese chips.

Japanese and Dutch companies are not included in the new regulations, but the United States has exerted pressure through diplomatic channels. The Dutch government may not renew ASML's equipment maintenance license in China, and Japan has not tightened controls due to political changes.

South Korea may meet US requirements to a certain extent under the US-ROK alliance, but it also faces the dilemma of economic dependence on China.

💬 What do you think of this wave of US operations? Let's talk about it in the comment area! 📊#FinancialNews#ChipControl #Blockchain