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U.S. talks with Japanese, Dutch to yield no immediate China chip export curbs -source

By Alexandra Alper WASHINGTON (Reuters) - The White House will discuss a recent crackdown on exports of chip-making tools to China with Japanese and Dutch officials during...
U.S. talks with Japanese, Dutch to yield no immediate China chip export curbs -source © Reuters.
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By Alexandra Alper

WASHINGTON (Reuters) - The White House will discuss a recent crackdown on exports of chip-making tools to China with Japanese and Dutch officials during upcoming visits, but they will not result in "immediate" pledges from the two countries to impose similar curbs, a person familiar with U.S. officials' thinking said on Thursday.

The Biden administration in October published a sweeping set of export controls, including measures tightly restricting Chinese access to U.S. chipmaking technology, as part of a bid to slow Beijing's technological and military advances.

But it has not yet convinced key allies to put in place similar equipment curbs seen as essential to making the restrictions effective, since Japanese and Dutch firms Tokyo Electron Ltd and ASML Holding (NASDAQ:ASML) NV also are top producers of chipmaking equipment.

Upcoming meetings between U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida and Dutch Prime Minister Mark Rutte at the White House on Friday and next Tuesday, respectively, will provide forums to discuss the issue, said a person briefed on U.S. officials' thinking.

But, "these visits will not result in immediate announcements and (are) part of our ongoing consultations on these issues," the person cautioned.

A key commerce department official said in October that such agreements were coming "in the near term."

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    US Coffee C 185.28 ↑ Sell  
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    S&P 500 5,137.08 ↑ Buy  
    DAX 17,745.05 ↑ Buy  
    FTSE 100 7,640.43 ↑ Sell  
    Hang Seng 16,595.97 ↑ Buy  
    Small Cap 2000 2,076.39 ↑ Buy  
    IBEX 35 10,053.15 ↑ Buy  
    BASF 47.215 Neutral  
    Bayer 28.45 ↑ Buy  
    Allianz 251.68 ↑ Buy  
    Adidas 185.92 ↑ Buy  
    Lufthansa 7.073 ↑ Sell  
    Siemens AG 181.93 ↑ Buy  
    Deutsche Bank AG 12.540 ↑ Sell  
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