Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
Chip Wars Rage
The US is hell-bent on stymieing China's semiconductor ambitions and thereby impeding one of Xi Jinp
In order to tighten the tourniquet even further, the US needs help from the Netherlands (ASML), Japan (Tokyo electron, Canon & many others) and South Korea.
ASML happens to be Holland’s true national champion. Even before Trump took the reins, politicians in that country were becoming reluctant to agree to US demands to limit sales and maintenance contracts to China. Japan was starting to prove reluctant as well. Those are significant businesses in those countries = more important than tech is in the US. That explains why the new round that Trump is proposing was delayed by Biden in the first place.
Or course, with DJT threatening those nations with tariffs and payments for defense, those governments will find it harder to convince voters that following the US on sanctions is a great idea, especially as the results from past sanctions have been poor.
For example: https://www.digitimes.com/news/a20250225PD211.html?mod=2&utm_source=newsletter&utm_medium=email&utm_campaign=daily_picks_free&utm_id=DailyPicksFree&utm_content=article