U.S. official acknowledges Japan, Netherlands deal to curb chipmaking exports to China

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U.S. official acknowledges Japan, Netherlands deal to curb chipmaking exports to China
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An American official on Tuesday made the most direct comments by a U.S. authority to date acknowledging the existence of a deal with Japan and the Netherlands for those countries to impose new restrictions on exports of chipmaking tools to China.

"We can't talk about the deal right now," Deputy Commerce Department Secretary Don Graves said on the sidelines of an event in Washington. "But you can certainly talk to our friends in Japan and the Netherlands."

Bloomberg reported on Friday an agreement had been finalized and two people familiar with the matter later confirmed the news to Reuters.to China, seeking to hobble Beijing's ability to supercharge its chip industry and enhance its military capabilities. For the restrictions to be effective, though, Washington needed to bring on board the Netherlands and Japan, home to chipmaking powerhouses ASML

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