Naura Technology Group's official financial reports

US to Restrict Semiconductor Exports to 140 Chinese Firms, Including Naura Technology Group

Dec 2, 2024, 05:15 AM

The United States is preparing to implement its third major crackdown on China's semiconductor industry in three years. The new measures, reported by Bloomberg News and set to be announced on Monday, will include export restrictions targeting 140 companies, among them Naura Technology Group, a prominent chip equipment manufacturer. These restrictions aim to limit China's access to advanced semiconductor technologies and are part of broader efforts to curb the country's technological advancements. The move stops short of earlier proposals but represents a significant escalation in trade restrictions between the two nations.