ASML, Tokyo Electron Dodge New US Chip Export Rules, For Now (1)

The US is preparing to exclude semiconductor-equipment makers in the Netherlands and Japan from its latest round of restrictions targeting China, people familiar with the situation said, while warning the plans are fluid and may change.

The Biden administration is working on a sweeping new trade restriction — known as the foreign direct product rule, or FDPR — to keep specific firms in China and other countries of concern from accessing advanced semiconductor technology. But Tokyo Electron Ltd., ASML Holding NV and other chip companies in the Netherlands and Japan are expected to be exempt, said the people, asking ...