US Presses Germany to Control Semiconductor Exports to China
Taiwan, a global leader in semiconductor production, accounts for nearly 39% of the world's output, with exports worth $138 billion. Meanwhile, the USA is urging Germany to impose export controls on semiconductors destined for China, following similar moves by the Netherlands and Japan.
The US government has been pushing Germany to join its efforts in protecting Western technology, particularly semiconductors, from Chinese access. This pressure has been building since the spring of 2024, with public demands for stricter controls and new trade restrictions coming into force in late September of the same year. The US has also targeted ASML, a Dutch semiconductor supplier, for additional restrictions on its Chinese customers.
These international tensions could have significant consequences. Experts warn that escalations in Taiwan could exacerbate the ongoing global semiconductor shortage, potentially leading to further supply disruptions in the coming year.
Taiwan's dominant role in semiconductor production makes it a key player in the current geopolitical landscape. As the USA urges Germany to join export controls, the potential impact on the global semiconductor market and supply chain is a pressing concern for the coming year.
Read also:
- Saudi Arabia's TASI Surges Past 11,000, Leading Gulf Equities Rally
- Quantum Computing Market in the Automotive Sector Forecast to Expand to $6,462.13 Million by 2034
- Texas finalizes 1.8 billion dollars for the construction of solar, battery, and gas-fueled mini-grids
- EU Outlines VAT in the Digital Age (ViDA) Implementation Plan