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U.S. lawmakers urge broader China chip gear ban; AMAT, LRCX, KLAC in focus

U.S. lawmakers urge broader China chip gear ban; AMAT, LRCX, KLAC in focus

U.S. lawmakers urge broader China chip gear ban; AMAT, LRCX, KLAC in focus
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Stricter restrictions may limit Chinese firms’ access to advanced machinery, slowing their technological progress and competitiveness.
Inconsistent rules allow non-U.S. suppliers to sell advanced equipment to Chinese firms that U.S. companies cannot, increasing China’s access to technology.
China is increasing pressure on local firms to boost domestic chip production, and companies like Huawei plan to nearly double AI chip output to compensate for reduced imports.
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