By The Biden administration has informed allies that it is considering using the most severe trade restrictions available for China if companies including Tokyo Electron and ASML Holding NV (AS:ASML) continue giving the country access to advanced semiconductor technology, Reuters cited a Bloomberg News report stating today.
The US is weighing whether to impose a measure called the foreign direct product rule, or FDPR, the report added, citing people familiar with the discussions.
Bloomberg said the Biden administration, facing pushback to its chip crackdown on China, has told allies that it’s considering using the most severe trade restrictions available if companies such as Tokyo Electron Ltd. and ASML Holding NV continue giving the country access to advanced semiconductor technology.
Seeking leverage with allies, the US is mulling whether to impose a measure called the foreign direct product rule, or FDPR, said people familiar with recent discussions. The rule lets the country impose controls on foreign-made products that use even the tiniest amount of American technology.
