China Cites 'National Security' As It Tightens Export Controls On Aviation And Aerospace Equipment Amid US Restrictions
Portfolio Pulse from Benzinga Neuro
China has announced new export restrictions on aviation and aerospace technologies to safeguard national security, effective from July 1. This move follows the U.S. tightening export controls on Chinese firms, including Huawei. The restrictions will impact companies like Broadcom, AMD, and Boeing, which have faced recent sanctions and regulatory reviews in China.
May 31, 2024 | 6:32 am
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NEGATIVE IMPACT
AMD might experience operational disruptions due to China's new export controls on aviation and aerospace technologies, amid existing U.S. trade restrictions.
AMD is already under pressure from U.S. trade restrictions. China's new export controls could further impact its supply chain and market access.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Broadcom may face challenges due to China's new export restrictions on aviation and aerospace technologies, following the U.S. revoking key export licenses.
Broadcom has already been affected by the U.S. revoking key export licenses. China's new restrictions could further complicate its operations and supply chain.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Boeing's operations in China may be further strained due to new export restrictions on aviation and aerospace technologies, following recent sanctions and regulatory reviews.
Boeing has already faced sanctions and regulatory reviews in China. The new export restrictions could exacerbate these issues, affecting its deliveries and operations.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90