Congressional Report: Chinese Companies Obtain US Equipment for Producing Advanced Chips Despite Export Restrictions

The US House of Representatives’ bipartisan select committee on China has recently released a 741-page annual report that detailed the aggressive acquisitions by Chinese companies of US chipmaking equipment to produce advanced semiconductors. These actions are in violation of new US export restrictions intended to slow China’s semiconductor industry. The Joe Biden administration had imposed […]

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Tokyo Electron Boosts Annual Sales Forecast Due to Strong Performance in China

Tokyo Electron Ltd. has revised its revenue and earnings forecasts for the entire year in response to increased demand for its chipmaking equipment, largely driven by the Chinese market. The company reported quarterly revenue of $2.8 billion, with sales in China surpassing analyst estimates and accounting for nearly half of the total. The tech firm […]

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