In October of 2022, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) issued novel regulations drastically limiting the export of advanced computing and semiconducting manufacturing to China. A very important key to understanding these new regulations in practice is that ASML, the most advanced supplier of machinery used to add the circuitry to silicon wafers of microchips, was one of the most heavily affected businesses.
ASML is the Netherlands’ largest company and the U.S. and Dutch governments have been struggling with defining fair regulations for months with extra political pressure being applied from the newly implemented Creating Helpful Incentives to Produce Semiconductors and Science (CHIPS) Act.
Are you confused by how ASML is the key to these regulations and the CHIPS act? Are you unsure of how these activities may effect your business?
Click here to read our full article. If you have additional questions we invite you to contact us for assistance. We would be happy to speak with you.
Remember, at the Clark-Esposito Law Firm, P.C. we are determined to help you. Have questions? Give our office a call today (917) 546-6997.
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