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Tech war: How the US is tightening its embargo

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Published: August 1st, 2024,
Last updated: September 4th, 2024

According to insiders, the US government aims to introduce a stricter embargo on technology exports to China this August. However, the export of chip-making machinery from certain allied countries will be exempt, several people familiar with the matter told Reuters on Wednesday. Following this news, shares of suppliers like ASML from the Netherlands and Tokyo Electron from Japan rose by up to 7.4 percent. For both companies, China is a significant market.

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Technology USA Trade