ASML forced to suspend some China exports after US escalates tech battle
CNN
ASML has been ordered by the Dutch government to restrict shipment of some of its chip-making equipment to China, the company said on Monday.
ASML has been ordered by the Dutch government to restrict shipment of some of its chip-making equipment to China, the company said on Monday. The curb comes after the United States ramped up its own restrictions on the types of semiconductors that American companies will be able to sell to China and also pressed its allies to enact their own. ASML, a maker of semiconductor production equipment based in the town of Veldhoven in the Netherlands, said in a statement that its “license for the shipment of NXT:2050i and NXT:2100i lithography systems in 2023 has recently been partially revoked by the Dutch government,” and the decision would impact “a small number of customers in China.” ASML is known for its prowess in making lithography machines, which use light to print patterns on silicon. That step is crucial in the mass production of microchips, which power everything from phones to washing machines. Because of its dominance in the market, ASML has been cited by experts as a bellwether of the growing rift between China and the West over access to advanced technology. For several years, the Dutch government has faced pressure from the United States to limit chip-related exports to China.
Trump’s Commerce secretary pick backed a crypto company that can’t seem to stay out of trouble
Thanksgiving dinner will cost less this year than last but will still be 19% higher than before the pandemic, according to the American Farm Bureau Federation’s annual Thanksgiving survey out Wednesday.
Comcast is planning to spin off most of its cable television networks, including MSNBC and CNBC, into a separate publicly traded company, according to executives with knowledge of the plan.
Conspiracy theorist Alex Jones has sued a court-appointed bankruptcy trustee and the families of some of the Sandy Hook victims in an attempt to stop the sale of his media empire Infowars to the satirical news outlet The Onion.
The cat’s out of the bag: Jaguar has unveiled a new logo that emphasizes its posh pronunciation as it transitions into a “new era” that emphasizes its all-electric vehicle lineup.
Markets sold off Tuesday as geopolitical tensions escalated between Ukraine and Russia.
Protesters opposed to Tesla’s expansion of its plant near Berlin were holding out in trees Tuesday as German police sought to clear their forested camp.
Jersey Mike’s Subs is selling a significant stake to private equity giant Blackstone, ending its nearly seven-decade run as an independently owned business that transformed into a major competitor against well-entrenched competitors like Subway.
Walmart’s business is surging. Customers making more than $100,000 a year are fueling the growth.
The president-elect’s plan to deport millions of undocumented immigrations may backfire, driving up the cost of homebuying even further.
In the first quarter of this year, the price of bitcoin broke records in the wake of approval by the Securities and Exchange Commission for the first exchange-traded spot bitcoin funds. The cryptocurrency topped $70,000 in March, according to coinmarketcap.com.