Global Chip Supply Chain Faces Disruptions
Businesses across the global semiconductor supply chain are preparing for disruptions due to an escalating trade war.
China has imposed curbs on rare earth mineral exports, and the US has responded with additional tariffs and restrictions on software sales to China.
China's Restrictions
China's restrictions on rare earth materials are the most targeted move yet to limit supplies, representing Beijing's first major attempt to exercise long-arm jurisdiction over foreign companies.
China's move threatens to stall the chips powering the artificial intelligence (AI) boom.
US Response
US President Donald Trump announced an additional 100 percent tariff on China and export controls on "any and all critical software" in response to China's restrictions.
Autor's resume: Global chip supply chain faces disruptions.
- China imposed curbs on rare earth mineral exports
- US responded with additional tariffs and restrictions on software sales
- China's move targets the semiconductor industry