Germany may restrict export of chip chemicals to China - Bloomberg

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Germany may restrict export of chip chemicals to China - Bloomberg
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Germany may limit the export of chemicals to China that are used to manufacture semiconductors as part of the government's efforts to reduce its economic exposure to the Asian economic superpower, Bloomberg news reported on Thursday.

The move was still in the early stages of discussion but officials taking part in the talks were aware that such a step could damage business ties with Beijing, the report said, citing those familiar with the matter.

There was no immediate confirmation from German government ministries of the Bloomberg report, while the Chinese embassy in Berlin did not reply to a request for comment. It would be the latest in steps under consideration by Germany as it reassesses ties with China. Chancellor Olaf Scholz's coalition government is pressing for fairer market access to its largest trading partner but is also increasingly wary of Beijing as a strategic rival.

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