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Japanese export controls on 23 crucial chip-manufacturing items took effect on Sunday. This comes as Japan has blindly followed Washington s lead in containing China. Chinese analysts said Japan s unreasonable move will make its chip industry face a Waterloo again, as Japanese chipmakers are striving to avoid repeating the failure in the Japan-US chip war more than three decades ago.
Chinese internet stocks jumped on Thursday after Premier Li Qiang presided over a meeting with major domestic platform operators, as the central government s encouraging tone serves as a shot in the arm for the healthy development of the platform economy.
The US is reportedly considering new curbs to hobble China s semiconductor progress by utilizing long-arm jurisdiction, abusing export rules and coercing allies into further restricting sales of critical high-end chipmaking tools that are key for China s technology rise.
South Korean President Yoon Suk-yeol left for the US on Monday for a visit during which he is anticipated to face greater US coercion to serve Washington s strategy to contain China, particularly in the chip sector.