Nvidia Supplier ASML Among Firms That Face Potential New Export Restrictions As US, Japan Move To Limit Chip Technology To China: Report
Portfolio Pulse from Benzinga Neuro
The U.S. and Japan are finalizing a deal to limit chip technology exports to China, impacting companies like ASML and Nvidia. The move aims to close loopholes in existing rules and align export controls among the U.S., Japan, and the Netherlands. China opposes these measures and is boosting its own chip manufacturing capabilities.
September 17, 2024 | 6:25 am
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ASML faces potential new export restrictions as the U.S. and Japan aim to limit chip technology exports to China. This could impact ASML's business with Chinese companies.
ASML is directly mentioned as a company that could be affected by new export restrictions. The U.S. and Japan's move to limit chip technology exports to China could hinder ASML's sales to Chinese firms, potentially impacting its revenue.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
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Despite U.S. export restrictions, Nvidia's AI chips are reportedly available in China, indicating a significant supply through alternative means.
Nvidia is mentioned in the context of its AI chips being available in China despite export restrictions. This suggests that Nvidia's business may not be immediately impacted, but the situation remains complex.
CONFIDENCE 85
IMPORTANCE 50
RELEVANCE 60