Europe pushes back on Washington's chip war expansion

It is a US bill aiming to expand restrictions on exporting chip manufacturing equipment to China, including older-generation tools.

Because it threatens the interests of companies like ASML, which rely on sales of this equipment, and Europeans see it as an unnecessary trade restriction.

It could lead to volatility in the global chip market, affecting the availability and cost of chips needed for AI projects in the region.

Yes, they may boost local chip manufacturing investments or diversify partnerships to reduce reliance on any single party.