Japan and the Netherlands are expected to restrict semiconductor chip exports to China, joining the United States in its trade war in an effort to limit the world power's ability to develop advanced technology such as artificial intelligence and military weapons.
The two countries are expected to end talks as soon as Friday that would implement a series of new limits on what chips can be provided to China, according to Bloomberg. Negotiations were still ongoing as of Thursday night. The new restrictions would limit Chinese companies' ability to produce certain types of advanced chips.
The Treasury imposed export controls in October on specific advanced technological components that will limit acquisitions by certain Chinese companies. China bashed the decision, claiming it would"damage the legitimate rights and interests" of Chinese and American companies.Japanese politicians have echoed support for the U.S. actions over semiconductors in recent months.
Manufacturers have also reported diminishing sales of semiconductors, leading to a surplus of chips in storage.
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