www.cnbc.com Open in urlscan Pro
23.212.200.33  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Skip Navigation
Latest U.S. strike on China’s chips hits semiconductor toolmakers
 * Livestream

CREATE FREE ACCOUNT
Markets
 * Pre-Markets
 * U.S. Markets
 * Europe Markets
 * China Markets
 * Asia Markets
 * World Markets
 * Currencies
 * Cryptocurrency
 * Futures & Commodities
 * Bonds
 * Funds & ETFs

Business
 * Economy
 * Finance
 * Health & Science
 * Media
 * Real Estate
 * Energy
 * Climate
 * Transportation
 * Industrials
 * Retail
 * Wealth
 * Sports
 * Life
 * Small Business

Investing
 * Personal Finance
 * Fintech
 * Financial Advisors
 * Options Action
 * ETF Street
 * Buffett Archive
 * Earnings
 * Trader Talk

Tech
 * Cybersecurity
 * Enterprise
 * Internet
 * Media
 * Mobile
 * Social Media
 * CNBC Disruptor 50
 * Tech Guide

Politics
 * White House
 * Policy
 * Defense
 * Congress
 * Equity and Opportunity
 * Europe Politics
 * China Politics
 * Asia Politics
 * World Politics

Video
 * Latest Video
 * Full Episodes
 * Livestream
 * Top Video
 * Live Audio
 * Europe TV
 * Asia TV
 * CNBC Podcasts
 * CEO Interviews
 * Digital Originals

Watchlist
Investing Club
 * Trust Portfolio
 * Analysis
 * Trade Alerts
 * Meeting Videos
 * Homestretch
 * Jim’s Columns
 * Education
 * Subscribe
 * Sign In

PRO
 * Pro News
 * Livestream
 * Full Episodes
 * Stock Screener
 * Market Forecast
 * Options Investing
 * Chart Investing
 * Subscribe
 * Sign In

Livestream


Menu

 * Make It
 * select
   * ALL SELECT
   
   * Credit Cards
     
     
   
   * Loans
     
     
   
   * Banking
     
     
   
   * Mortgages
     
     
   
   * Insurance
     
     
   
   * Credit Monitoring
     
     
   
   * Personal Finance
     
     
   
   * Small Business
     
     
   
   * Taxes
     
     
   
   * Help for Low Credit Scores
     
     
   
   * Investing
     
     
   
   * SELECT
   
   * All Credit Cards
   
   * Find the Credit Card for You
   
   * Best Credit Cards
   
   * Best Rewards Credit Cards
   
   * Best Travel Credit Cards
   
   * Best 0% APR Credit Cards
   
   * Best Balance Transfer Credit Cards
   
   * Best Cash Back Credit Cards
   
   * Best Credit Card Welcome Bonuses
   
   * Best Credit Cards to Build Credit
   
   * SELECT
   
   * All Loans
   
   * Find the Best Personal Loan for You
   
   * Best Personal Loans
   
   * Best Debt Consolidation Loans
   
   * Best Loans to Refinance Credit Card Debt
   
   * Best Loans with Fast Funding
   
   * Best Small Personal Loans
   
   * Best Large Personal Loans
   
   * Best Personal Loans to Apply Online
   
   * Best Student Loan Refinance
   
   * SELECT
   
   * All Banking
   
   * Find the Savings Account for You
   
   * Best High Yield Savings Accounts
   
   * Best Big Bank Savings Accounts
   
   * Best Big Bank Checking Accounts
   
   * Best No Fee Checking Accounts
   
   * No Overdraft Fee Checking Accounts
   
   * Best Checking Account Bonuses
   
   * Best Money Market Accounts
   
   * Best CDs
   
   * Best Credit Unions
   
   * SELECT
   
   * All Mortgages
   
   * Best Mortgages
   
   * Best Mortgages for Small Down Payment
   
   * Best Mortgages for No Down Payment
   
   * Best Mortgages with No Origination Fee
   
   * Best Mortgages for Average Credit Score
   
   * Adjustable Rate Mortgages
   
   * Affording a Mortgage
   
   * SELECT
   
   * All Insurance
   
   * Best Life Insurance
   
   * Best Homeowners Insurance
   
   * Best Renters Insurance
   
   * Best Car Insurance
   
   * Travel Insurance
   
   * SELECT
   
   * All Credit Monitoring
   
   * Best Credit Monitoring Services
   
   * Best Identity Theft Protection
   
   * How to Boost Your Credit Score
   
   * Credit Repair Services
   
   * SELECT
   
   * All Personal Finance
   
   * Best Budgeting Apps
   
   * Best Expense Tracker Apps
   
   * Best Money Transfer Apps
   
   * Best Resale Apps and Sites
   
   * Buy Now Pay Later (BNPL) Apps
   
   * Best Debt Relief
   
   * SELECT
   
   * All Small Business
   
   * Best Small Business Savings Accounts
   
   * Best Small Business Checking Accounts
   
   * Best Credit Cards for Small Business
   
   * Best Small Business Loans
   
   * Best Tax Software for Small Business
   
   * SELECT
   
   * All Taxes
   
   * Filing For Free
   
   * Best Tax Software
   
   * Best Tax Software for Small Businesses
   
   * Tax Refunds
   
   * Tax Brackets
   
   * Tax Tips
   
   * Tax By State
   
   * Tax Payment Plans
   
   * SELECT
   
   * All Help for Low Credit Scores
   
   * Best Credit Cards for Bad Credit
   
   * Best Personal Loans for Bad Credit
   
   * Best Debt Consolidation Loans for Bad Credit
   
   * Personal Loans if You Don’t Have Credit
   
   * Best Credit Cards for Building Credit
   
   * Personal Loans for 580 Credit Score or Lower
   
   * Personal Loans for 670 Credit Score or Lower
   
   * Best Mortgages for Bad Credit
   
   * Best Hardship Loans
   
   * How to Boost Your Credit Score
   
   * SELECT
   
   * All Investing
   
   * Best IRA Accounts
   
   * Best Roth IRA Accounts
   
   * Best Investing Apps
   
   * Best Free Stock Trading Platforms
   
   * Best Robo-Advisors
   
   * Index Funds
   
   * Mutual Funds
   
   * ETFs
   
   * Bonds

 * USA
 * INTL

 * Livestream

Search quotes, news & videos
 * Livestream

Watchlist

SIGN IN
Create free account
Latest U.S. strike on China’s chips hits semiconductor toolmakers
 * Livestream

CREATE FREE ACCOUNT
Markets
Business
Investing
Tech
Politics
Video
Watchlist
Investing Club
PRO
Livestream


Menu


Tech


LATEST U.S. STRIKE ON CHINA’S CHIPS HITS SEMICONDUCTOR TOOLMAKERS

Published Mon, Dec 2 20241:01 AM ESTUpdated Mon, Dec 2 202412:24 PM EST

WATCH LIVE
ShareShare Article via FacebookShare Article via TwitterShare Article via
LinkedInShare Article via Email
A Chinese flag is displayed next to a “Made in China” sign seen on a printed
circuit board with semiconductor chips, in this illustration picture taken
February 17, 2023.
Florence Lo | Reuters

The United States on Monday launched its third crackdown in three years on
China’s semiconductor industry, curbing exports to 140 companies, including chip
equipment maker Naura Technology Group, among other moves.

The effort to hobble Beijing’s chipmaking ambitions also hits Chinese chip
toolmakers Piotech, ACM Research and SiCarrier Technology with new export
restrictions as part of the package, which also takes aim at shipments of
advanced memory chips and more chipmaking tools to China.



The move is one of the Biden administration’s last large-scale efforts to stymie
China’s ability to access and produce chips that can help advance artificial
intelligence for military applications, or otherwise threaten U.S. national
security.

It comes just weeks before the swearing-in of Republican President-elect Donald
Trump, who is expected to retain many of Biden’s tough-on-China measures.

The package includes curbs on China-bound shipments of high bandwidth memory
chips, critical for high-end applications like AI training; new curbs on 24
additional chipmaking tools and three software tools; and new export curbs on
chipmaking equipment made in countries such as Singapore and Malaysia.

Commerce Secretary Gina Raimondo said the action aims to prevent “China from
advancing its domestic semiconductor manufacturing system, which it will use to
support its military modernization.”

Reuters first reported many companies involved and key details of the plan.



The tool controls will likely hurt Lam Research, KLA and Applied Materials, as
well as non-U.S. companies like Dutch equipment maker ASM International.

watch now
VIDEO6:5806:58
CHIPS Act is already having a major impact on investment and chip manufacturing,
says Chris Miller
Squawk Box


Chinese companies facing new restrictions include nearly two dozen semiconductor
companies, two investment companies and over 100 chipmaking tool makers.

The companies include Swaysure Technology Co, Si’En Qingdao, and Shenzhen Pensun
Technology Co, which work with China’s Huawei Technologies. The
telecommunications equipment leader has been hobbled by U.S. sanctions and is
now at the center of China’s advanced chip production and development.

They will be added to the entity list, which bars U.S. suppliers from shipping
to them without first receiving a special license.

Asked about the U.S. curbs, Chinese foreign ministry spokesman Lin Jian said
such behaviour undermined the international economic trade order and disrupted
global supply chains.

China will take measures to safeguard the rights and interests of its firms, he
added at a regular press briefing on Monday.

China’s commerce ministry described the U.S. restrictions as a clear example of
“economic coercion” and “non-market practices,” according to a statement
published on its official website after the new curbs were announced.

China has stepped up its drive to become self-sufficient in the semiconductor
sector in recent years, as the U.S. and other countries have restricted exports
of the advanced chips and the tools to make them. However, it remains years
behind chip industry leaders like Nvidia in AI chips and chip equipment maker
ASML in the Netherlands.

The U.S. also is poised to place additional restrictions on Semiconductor
Manufacturing International, China’s largest contract chip manufacturer, which
was placed on the Entity List in 2020 but with a policy that allowed billions of
dollars worth of licenses to ship goods to it to be granted.

For the first time, the U.S. will add three companies that make investments in
chips to the entity list. Chinese private equity firm Wise Road Capital, tech
firm Wingtech Technology Co and JAC Capital were added, the department said,
because of their role “in aiding China’s government’s efforts to acquire
entities with sensitive semiconductor manufacturing capability critical to the
defense industrial bases of the United States and its allies with the objective
of relocating these entities to China.”

Companies seeking licenses to ship to firms on the Entity List generally get
denied.


DUTCH AND JAPANESE EXEMPTED

An aspect of the new package that addresses the foreign direct product rule
could hurt some U.S. allies by limiting what their companies can ship to China.

The new rule will expand U.S. powers to curb exports of chipmaking equipment by
U.S., Japanese, and Dutch manufacturers made in other parts of the world to
certain chip plants in China.

Equipment made in Israel, Malaysia, Singapore, South Korea and Taiwan is subject
to the rule while Japan and the Netherlands will be exempt.

The expanded foreign direct product rule will apply to 16 companies on the
entity list that are seen as the most important to China’s most advanced
chipmaking ambitions.

The rule will also lower to zero the amount of U.S. content that determines when
certain foreign items are subject to U.S. control. That will allow the U.S. to
regulate any item shipped to China from overseas if it contains any U.S. chips.

watch now
VIDEO6:5806:58
CHIPS Act is already having a major impact on investment and chip manufacturing,
says Chris Miller
Squawk Box


The new rules are being released after lengthy discussions with Japan and the
Netherlands, which, along with the United States, dominate the production of
advanced chipmaking equipment.

A spokesperson for ASML said the company is “currently assessing the potential
implications of the new regulations.” The United States plans to exempt
countries that adopt similar controls, sources told Reuters.

Another rule in the package restricts memory used in AI chips that correspond
with what is known as “HBM 2” and higher, technology made by South Korea’s
Samsung and SK Hynix and U.S.-based Micron.

Industry sources expect only Samsung Electronics to be affected. Analysts
estimate Samsung generates about 30% of its HBM chip sales from China.

The latest rules are the third major package of chip-related export curbs on
China adopted under the Biden administration.

In October 2022, the United States published a sweeping set of controls on sale
and manufacture of certain high-end chips that was considered to be the biggest
shift in its tech policy toward China since the 1990s.


WATCH LIVESTREAMPrefer to Listen?
NOW
Worldwide Exchange
UP NEXT
Squawk Box





 * 
 * 
 * 
 * 
 * 
 * 
 * 


 * Subscribe to CNBC PRO
 * Subscribe to Investing Club
 * Licensing & Reprints
 * CNBC Councils
 * Supply Chain Values
 * CNBC on Peacock
 * Join the CNBC Panel
 * Digital Products
 * News Releases
 * Closed Captioning
 * Corrections
 * About CNBC
 * Internships
 * Site Map
 * Ad Choices
 * Careers
 * Help
 * Contact

 * NEWS TIPS
   
   Got a confidential news tip? We want to hear from you.
   
   Get In Touch

 * CNBC NEWSLETTERS
   
   Sign up for free newsletters and get more CNBC delivered to your inbox
   
   Sign Up Now
   
   Get this delivered to your inbox, and more info about our products and
   services.

 * ADVERTISE WITH US
   
   Please Contact Us

 * Privacy Policy
 * Cookie Preferences
 * CA Notice
 * Terms of Service

© 2024 CNBC LLC. All Rights Reserved. A Division of NBCUniversal

Data is a real-time snapshot *Data is delayed at least 15 minutes. Global
Business and Financial News, Stock Quotes, and Market Data and Analysis.

Market Data Terms of Use and Disclaimers

Data also provided by





Due to the breadth of the advertising ecosystem, a variety of vendors may be
used for different campaigns. While NBCUniversal lists all of our potential
partners, a smaller selection may be used on any given website. We and our 814
partners collect information from your device, such as device identifiers, IP
address, and your browser type to personalize and deliver content, marketing and
advertising—across devices and platforms; for analytics and measurement, so we
can improve our services and develop new ones; to match and combine offline data
with your online activity; and for social features. We share this information
with selected partners with your consent. By clicking “I Accept”, you consent to
our use of these Cookies. Click Manage Choices to learn more about these. We
will also use other Cookies that are essential for our site and Services,
including for security and fraud prevention. To learn more about some of our
partners select IAB and Google Vendors. You can adjust your preferences at any
time via the “Cookie Preferences” link in the footer of relevant NBCUniversal
websites or in-app settings. Visit our Cookie Notice and Privacy Policy to learn
more.


WE AND OUR PARTNERS PROCESS DATA TO PROVIDE:

Store and/or access information on a device. Personalised advertising and
content, advertising and content measurement, audience research and services
development. IAB and Google Vendors

I Accept Reject All Manage Choices



PRIVACY SETTINGS




 * YOUR PRIVACY


 * STRICTLY NECESSARY COOKIES


 * SAVE AND COMMUNICATE PRIVACY CHOICES 328 PARTNERS CAN USE THIS PURPOSE


 * ENSURE SECURITY, PREVENT AND DETECT FRAUD, AND FIX ERRORS 508 PARTNERS CAN
   USE THIS PURPOSE


 * DELIVER AND PRESENT ADVERTISING AND CONTENT 510 PARTNERS CAN USE THIS PURPOSE


 * STORE AND/OR ACCESS INFORMATION ON A DEVICE 669 PARTNERS CAN USE THIS PURPOSE


 * PERSONALISED ADVERTISING AND CONTENT, ADVERTISING AND CONTENT MEASUREMENT,
   AUDIENCE RESEARCH AND SERVICES DEVELOPMENT 780 PARTNERS CAN USE THIS PURPOSE

YOUR PRIVACY

We and our partners collect information from your device, such as device
identifiers, IP address, and your browser type to personalize and deliver
content, marketing and advertising—across devices and platforms; for analytics
and measurement, so we can improve our services and develop new ones; to match
and combine offline data with your online activity; and for social features. We
share this information with selected partners with your consent. By clicking
“Allow All”, you consent to our use of these Cookies. Click on the Cookie
categories or the “View Illustrations” below to learn more about these. We will
also use other Cookies that are essential for our site and Services, including
for security and fraud prevention. To learn more about some of our partners, see
the IAB and Google Vendors under each purpose below. Visit our Cookie Notice and
Privacy Policy to learn more.

IAB and Google Vendors‎

STRICTLY NECESSARY COOKIES

Always Active

These Cookies are required for Service functionality, including security and
fraud prevention, and to enable any purchasing capabilities. You can set your
browser to block these Cookies, but some parts of the site may not function
properly.

Cookies Used‎

SAVE AND COMMUNICATE PRIVACY CHOICES 328 PARTNERS CAN USE THIS PURPOSE

Always Active

The choices you make regarding the purposes and entities listed in this notice
are saved and made available to those entities in the form of digital signals
(such as a string of characters). This is necessary in order to enable both this
service and those entities to respect such choices.

IAB and Google Vendors‎ | View Illustrations 

ENSURE SECURITY, PREVENT AND DETECT FRAUD, AND FIX ERRORS 508 PARTNERS CAN USE
THIS PURPOSE

Always Active

Your data can be used to monitor for and prevent unusual and possibly fraudulent
activity (for example, regarding advertising, ad clicks by bots), and ensure
systems and processes work properly and securely. It can also be used to correct
any problems you, the publisher or the advertiser may encounter in the delivery
of content and ads and in your interaction with them.

IAB and Google Vendors‎ | View Illustrations 

DELIVER AND PRESENT ADVERTISING AND CONTENT 510 PARTNERS CAN USE THIS PURPOSE

Always Active

Certain information (like an IP address or device capabilities) is used to
ensure the technical compatibility of the content or advertising, and to
facilitate the transmission of the content or ad to your device.

IAB and Google Vendors‎ | View Illustrations 

STORE AND/OR ACCESS INFORMATION ON A DEVICE 669 PARTNERS CAN USE THIS PURPOSE

Store and/or access information on a device


Cookies, device or similar online identifiers (e.g. login-based identifiers,
randomly assigned identifiers, network based identifiers) together with other
information (e.g. browser type and information, language, screen size, supported
technologies etc.) can be stored or read on your device to recognise it each
time it connects to an app or to a website, for one or several of the purposes
presented here.

IAB and Google Vendors‎ | View Illustrations 
Cookies Used‎

PERSONALISED ADVERTISING AND CONTENT, ADVERTISING AND CONTENT MEASUREMENT,
AUDIENCE RESEARCH AND SERVICES DEVELOPMENT 780 PARTNERS CAN USE THIS PURPOSE

Personalised advertising and content, advertising and content measurement,
audience research and services development


 * USE LIMITED DATA TO SELECT ADVERTISING 609 PARTNERS CAN USE THIS PURPOSE
   
   Switch Label
   
   Advertising presented to you on this service can be based on limited data,
   such as the website or app you are using, your non-precise location, your
   device type or which content you are (or have been) interacting with (for
   example, to limit the number of times an ad is presented to you).
   
   View Illustrations 

 * CREATE PROFILES FOR PERSONALISED ADVERTISING 492 PARTNERS CAN USE THIS
   PURPOSE
   
   Switch Label
   
   Information about your activity on this service (such as forms you submit,
   content you look at) can be stored and combined with other information about
   you (for example, information from your previous activity on this service and
   other websites or apps) or similar users. This is then used to build or
   improve a profile about you (that might include possible interests and
   personal aspects). Your profile can be used (also later) to present
   advertising that appears more relevant based on your possible interests by
   this and other entities.
   
   View Illustrations 

 * USE PROFILES TO SELECT PERSONALISED ADVERTISING 485 PARTNERS CAN USE THIS
   PURPOSE
   
   Switch Label
   
   Advertising presented to you on this service can be based on your advertising
   profiles, which can reflect your activity on this service or other websites
   or apps (like the forms you submit, content you look at), possible interests
   and personal aspects.
   
   View Illustrations 

 * CREATE PROFILES TO PERSONALISE CONTENT 216 PARTNERS CAN USE THIS PURPOSE
   
   Switch Label
   
   Information about your activity on this service (for instance, forms you
   submit, non-advertising content you look at) can be stored and combined with
   other information about you (such as your previous activity on this service
   or other websites or apps) or similar users. This is then used to build or
   improve a profile about you (which might for example include possible
   interests and personal aspects). Your profile can be used (also later) to
   present content that appears more relevant based on your possible interests,
   such as by adapting the order in which content is shown to you, so that it is
   even easier for you to find content that matches your interests.
   
   View Illustrations 

 * USE PROFILES TO SELECT PERSONALISED CONTENT 190 PARTNERS CAN USE THIS PURPOSE
   
   Switch Label
   
   Content presented to you on this service can be based on your content
   personalisation profiles, which can reflect your activity on this or other
   services (for instance, the forms you submit, content you look at), possible
   interests and personal aspects. This can for example be used to adapt the
   order in which content is shown to you, so that it is even easier for you to
   find (non-advertising) content that matches your interests.
   
   View Illustrations 

 * MEASURE ADVERTISING PERFORMANCE 705 PARTNERS CAN USE THIS PURPOSE
   
   Switch Label
   
   Information regarding which advertising is presented to you and how you
   interact with it can be used to determine how well an advert has worked for
   you or other users and whether the goals of the advertising were reached. For
   instance, whether you saw an ad, whether you clicked on it, whether it led
   you to buy a product or visit a website, etc. This is very helpful to
   understand the relevance of advertising campaigns.
   
   View Illustrations 

 * MEASURE CONTENT PERFORMANCE 346 PARTNERS CAN USE THIS PURPOSE
   
   Switch Label
   
   Information regarding which content is presented to you and how you interact
   with it can be used to determine whether the (non-advertising) content e.g.
   reached its intended audience and matched your interests. For instance,
   whether you read an article, watch a video, listen to a podcast or look at a
   product description, how long you spent on this service and the web pages you
   visit etc. This is very helpful to understand the relevance of
   (non-advertising) content that is shown to you.
   
   View Illustrations 

 * UNDERSTAND AUDIENCES THROUGH STATISTICS OR COMBINATIONS OF DATA FROM
   DIFFERENT SOURCES 442 PARTNERS CAN USE THIS PURPOSE
   
   Switch Label
   
   Reports can be generated based on the combination of data sets (like user
   profiles, statistics, market research, analytics data) regarding your
   interactions and those of other users with advertising or (non-advertising)
   content to identify common characteristics (for instance, to determine which
   target audiences are more receptive to an ad campaign or to certain
   contents).
   
   View Illustrations 

 * DEVELOP AND IMPROVE SERVICES 531 PARTNERS CAN USE THIS PURPOSE
   
   Switch Label
   
   Information about your activity on this service, such as your interaction
   with ads or content, can be very helpful to improve products and services and
   to build new products and services based on user interactions, the type of
   audience, etc. This specific purpose does not include the development or
   improvement of user profiles and identifiers.
   
   View Illustrations 

 * USE LIMITED DATA TO SELECT CONTENT 127 PARTNERS CAN USE THIS PURPOSE
   
   Switch Label
   
   Content presented to you on this service can be based on limited data, such
   as the website or app you are using, your non-precise location, your device
   type, or which content you are (or have been) interacting with (for example,
   to limit the number of times a video or an article is presented to you).
   
   View Illustrations 

 * TARGETED ADVERTISING COOKIES
   
   Switch Label
   
   These Cookies are used to collect data about your browsing habits, use of the
   Services, your preferences, and your interaction with advertisements across
   platforms and devices for the purpose of delivering targeted advertising
   content, both on our Services and on third party sites. Third-party sites and
   services also use Targeting Cookies to deliver content, including
   advertisements relevant to your interests on the Services. If you reject
   these Cookies, you will see less relevant advertising.

 * CONTENT SELECTION COOKIES
   
   Switch Label
   
   This group is so Content Selection IAB group can have an id

 * SOCIAL MEDIA COOKIES
   
   Switch Label
   
   These Cookies are set by social media platforms on the Services to enable you
   to share content with your friends and networks. Social media platforms have
   the ability to track your online activity outside of the Services. This may
   impact the content and messages you see on other websites you visit.

IAB and Google Vendors‎
Cookies Used‎
Back Button


COOKIE LIST

Filter Button
Consent Leg.Interest
checkbox label label
checkbox label label
checkbox label label

Clear
checkbox label label
Apply Cancel
Save Settings
Reject All Allow All