Chipmaking..

 

The United States reportedly is calling on the European Union to impose a semiconductor export ban on China – but Chinese officials and media doubt the Americans, simply by asking, can persuade the Europeans to give up a highly lucrative export market.

Bloomberg reports that the Biden administration is urging the EU to share information and coordinate enforcement to reinforce the United States’s bilateral restrictions on exports to China, similar to what the US and EU did to Moscow earlier this year.

Alan Estevez, US Commerce Department undersecretary for industry and security, said the US would soon sign an agreement with its allies to bring them on board with new rules curbing China’s access to sophisticated chipmaking tools.

We brought the European allies on the sanctions against Russia and the whole thing backfired on all the Europeans. Just a thoought.