US chip industry worried it may lose out to rivals over China ban
US companies that build chipmaking equipment have been told to tough it out as they face a ban on selling to customers in China, while their rivals elsewhere in the world currently have no such restrictions.
It appears that some US companies are alarmed at the amount of revenue they may lose from sales to China as part of complying with the new restrictions imposed by Washington, and also worried that the business may simply go to rivals in other countries instead.that California-based Lam Research, a supplier of wafer fabrication equipment, warned that the new export controls could cost it as much as $2.5 billion in lost revenue in 2023.
Applied Materials, another supplier of kit for semiconductor manufacturing, told its investors that the new rules could lose the company up to half a billion dollars in sales during the quarter we are now in. In response, the US said to be working on an agreement that would see companies in the Netherlands and Japan also subject to restrictions on sales of semiconductor equipment to China. The Netherlands is the home to ASML, one of the largest suppliers of lithography systems for chip manufacturing, while Canon in Japan is just one of the companies there building similar equipment.
But reaching such an agreement aimed at leveling the playing field could take six to nine months, Raimondo is reported to have told a meeting of the companies affected, according to Bloomberg, which cited sources"who requested anonymity."
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Maine Places New Limits on Medical Marijuana ProvidersMaine delivered an October surprise to medical marijuana providers with new guidance that limits the sale of pre-rolled marijuana and liquid concentrates by treating them like tobacco. The Maine Office of Cannabis Policy released guidance on Oct. 7 that effectively bans medical marijuana caregivers without a storefront from providing those products altogether while medical marijuana dispensaries and stores must treat…
Read more »
FCC lists 13 AFC providers to manage 6GHz band accessFCC taps 13 providers to manage 6GHz band access for new Wi-Fi standards
Read more »
Cloud magic was a nice story, now with an unhappy endingThe world was promised 'cloud magic'. So much for that fairy tale
Read more »
Aviatrix adds usage tracking to cloud network platformAviatrix releases tool to help enterprises prevent cloud network costs spiraling
Read more »
SolarWinds reaches $26m settlement, expects SEC actionSolarWinds reaches $26m settlement with shareholders, expects SEC action
Read more »