Last Update: March 11, 2023, 4:09 PM IST
According to the report, the Biden administration plans to coordinate with the Netherlands and Japan.
The Biden administration is working to tighten restrictions on exports of semiconductor manufacturing gear to China.
The Biden administration is working to further tighten restrictions on exports of semiconductor manufacturing gear to China, Bloomberg News reported on Friday, citing people familiar with the situation.
The report said the government briefed US companies about the plan and told them it expected to announce sanctions early next month.
According to the report, the Biden administration plans to coordinate with the Netherlands and Japan.
This week, the Dutch government said it was planning new restrictions on semiconductor technology exports to China to protect national security.
Chinese Foreign Ministry spokesman Mao Ning said on Thursday that China firmly opposes the sanctions “to interfere with and limit normal economic and trade exchanges between Chinese and Dutch companies”.
The US imposed several export restrictions late last year, including a measure to block China from some semiconductor chips made anywhere in the world with US equipment.
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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)