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Japan joins the US and Europe in chipmaking curbs on China

Hong Kong/Tokyo CNN  — 

Japan will limit the abroad sale of chip manufacturing gear, becoming a member of america and the Netherlands in curbing the export of key know-how to China.

The nation introduced Friday it might tighten exports of 23 sorts of superior semiconductor manufacturing gear.

The foundations will take impact in July, in response to Japan’s minister of financial system, commerce and business, Yasutoshi Nishimura.

The ministry mentioned it might require stricter procedures to export to about 160 locations resembling China, whereas 42 territories — together with america, South Korea and Taiwan — are acknowledged by Japan as having enough export controls in place.

All exports to international locations not formally acknowledged will now require approval from the Japanese commerce ministry, it added.

At a press convention, Nishimura mentioned the brand new measures have been geared toward stopping the gear from being diverted for army use.

“We’ll fulfill our duties within the worldwide group as a technology-owning nation and contribute to sustaining worldwide peace and safety,” he instructed reporters.

The restrictions will not be geared toward a selected nation, the commerce ministry instructed CNN on Friday.

However they observe a sequence of curbs enacted in latest months to clamp down on gross sales of chipmaking gear to China as a part of a coordinated worldwide effort led by Washington.

In October, america banned Chinese language firms from shopping for superior chips and chipmaking gear with no license. It additionally restricted the flexibility of Americans to supply help for the event or manufacturing of chips at sure amenities in China.

Earlier this month, the Netherlands additionally unveiled new restrictions on abroad gross sales of semiconductor know-how, citing the necessity to defend nationwide safety.

Japan has been concerned in three-way discussions with each international locations, a supply acquainted with the talks beforehand instructed CNN.

China has strongly criticized restrictions on tech exports, saying earlier this month that it “firmly opposes” such measures.

Mao Ning, a Chinese language overseas ministry spokesperson, additionally hit again on the newest transfer from Japan.

“Weaponizing financial, commerce and know-how points to intentionally destabilize the worldwide business chain will solely hurt others and hurt oneself,” she mentioned at a Friday information briefing.

Japan is residence to a number of chipmaking gear producers, together with Nikon (NINOY) and Tokyo Electron. The businesses’ shares in Tokyo have been little modified on Friday.

Nikon and Tokyo Electron declined to remark.

In latest stories to shoppers, Jefferies analysts had assessed the potential penalties of Japanese export controls to China, noting that Nikon did “not anticipate a serious impression.”

For Tokyo Electron, the tightening can also be “unlikely to have a lot further impression so long as they don’t go additional than the US sanctions,” they added.

— Mengchen Zhang contributed to this report.

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