US chip suppliers start leaving Chinese firms - report12 Oct 2022 13:51
American companies providing semiconductor equipment for Chinese chip makers have started winding down operations in China, the Wall Street Journal reported on Wednesday. The businesses seem to be reacting to the Biden administration's decision to introduce export limits on 31 Chinese tech companies.
According to the report, firms including KLA Corp. and Lam Research Corp. are halting deliveries and support and pulling their staff out of Chinese firms such as Yangtze Memory Technologies Co. The move could have a serious impact on chip production in China, considering the workers from the United States "play a crucial role in operating the factory and developing its manufacturing capabilities, as they bring in expertise on highly technical chip production tools," sources said.
Baha Breaking News (BBN) / DJ