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Biden Administration Considers Harsh Trade Curbs, Including FDPR, on ASML and Tokyo Electron in US-China Chip War

Jul 17, 2024, 04:47 AM

The Biden administration is considering imposing the harshest trade restrictions available, including the foreign direct product rule (FDPR), on companies like ASML and Tokyo Electron to restrict their supply of advanced chip-making technology to China. This move comes as part of the ongoing US-China chip war, with Washington aiming to limit Beijing's ability to produce semiconductors. A top Dutch technical university, Eindhoven University of Technology, which is a key feeder for ASML talent, has also been caught in the crosshairs, facing scrutiny over admitting Chinese students. The US has informed allies, including the Netherlands and Japan, about these potential measures. The administration's stance has already led to a decline in US chip stocks premarket.