Last updated: March 11, 2023, 4:09 PM IST
The Biden administration is working to further tighten restrictions on the export of semiconductor manufacturing equipment to China, Bloomberg News reported Friday, citing people familiar with the situation.
The government has notified US companies of the plan and told them it expects to announce the restrictions as early as next month, the report said.
The Biden administration plans to coordinate with the Netherlands and Japan, according to the report.
This week, the Dutch government announced plans to impose new restrictions on the export of semiconductor technology to China to protect national security.
China’s Foreign Ministry spokesman Mao Ning said on Thursday that China firmly opposed the restrictions as a means “to intervene and limit normal economic and trade exchanges between Chinese and Dutch companies.”
The US had imposed a slew of export restrictions late last year, including a measure to cut China off certain semiconductor chips made anywhere in the world using US equipment.
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(This story has not been edited by News18 staff and was published from a syndicated news agency feed)