Japan And Netherlands To Join US In China Chip Restrictions

MNI London: Bloomberg reports that Japan and the Netherlands have "agreed in principle" to join the US in curbing the exportation of US origin chip technology to China, adding that, "new curbs may be announced in the coming weeks."

• The controls are part of a US-led drive to ensure access to semiconductor technology is restricted to countries which may pose a national security threat to the United States and semiconductor supply chains are reconstructed within the United State and other allied countries.
• the Schumer-Cornyn amendment, part of the National Defence Authorisation Act (NDAA) legislation awaiting a Senate vote, prohibits "the U.S. government from doing business with companies that rely on certain Chinese chipmakers with ties to the Chinese Communist Party (CCP) and Chinese military..."
• Senate Majority Leader Chuck Schumer (D-NY) said: “We must stand firm against China’s use of technology central to fuel their military expansion and plans for global dominance that threaten U.S. security...”
• Schumer continued: "It’s simple: the federal government should not be in the business of supporting Chinese-made chips that put our national and economic security at risk.”