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US Chip-Gear Makers Told to Wait for Relief From China Curbs

  • US chip firms face more hurdles than foreign peers in China
  • American and Dutch officials will hold talks later this month
Gina Raimondo

Gina Raimondo

Photographer: Ting Shen/Bloomberg
Updated on

Secretary of Commerce Gina Raimondo had a sobering message for US makers of chipmaking equipment this week: you’ll need to wait as long as nine months before Washington can reach an accord with US allies over strict new rules aimed at restricting China’s access to certain technologies.

The US is working on an agreement that would make companies in the Netherlands and Japan -- home to some of the biggest makers of chipmaking gear -- subject to limits on sales of such equipment to China. US companies are already bound by the export controls, which they say will cost them billions of dollars in revenue even as their main competitors in Europe and Japan face fewer limits on China sales.