CosmicTaco

China Threatens Japan Over New Chip Curbs

CosmicTaco · 2024-09-02T22:58:08.400801+05:30

- China warns Japan of severe economic retaliation if Tokyo restricts chipmaking equipment sales to Chinese firms. - Toyota fears Beijing could cut access to critical minerals essential for automotive production. - US pressures Japan to align with new rules, complicating semiconductor progress. - Japan's chip-related stocks fall amid the clash, with Tokyo Electron and others affected. - US aims for a diplomatic solution but considers using the foreign direct product rule if necessary. Source: [Bloomberg](https://www.bloomberg.com/news/articles/2024-09-02/china-warns-japan-of-retaliation-over-potential-new-chip-curbs)

China warns Japan of severe economic retaliation if Tokyo restricts chipmaking equipment sales to Chinese firms.
Toyota fears Beijing could cut access to critical minerals essential for automotive production.
US pressures Japan to align with new rules, complicating semiconductor progress.
Japan's chip-related stocks fall amid the clash, with Tokyo Electron and others affected.
US aims for a diplomatic solution but considers using the foreign direct product rule if necessary.

Source: Bloomberg