Overview

• The US government has confirmed it is pressuring chipmaking tool suppliers in allied nations to stop maintaining equipment sold to China.
• Allied nations involved include Germany, Japan, South Korea, and the Netherlands, home to key supplier ASML.
• The move is part of a broader effort by the Biden administration to tighten existing export restrictions on semiconductors.
• ASML, a major player in semiconductor equipment, faces potential restrictions on servicing its products in China.
• Chinese President Xi Jinping asserts that no force can stop China's technological progress, despite restrictions.