The US Chips Act: The next major headache for Asian tech investors

Asian technology companies account for a third of regional investment indices, but the ban on advanced chips is testing appetite for a sector already facing cyclical weakness and ongoing regulatory uncertainty.

In early October, the US Department of Commerce issued an update around the market’s export controls, announcing a ban across the sale of high-end semiconductor chips, tools and other components, to China. Citing concerns that the technology may be used for military purposes, the restrictions prevent US individuals from supporting chip development or production at Chinese facilities without first receiving an export licence exemption. 

¬ Haymarket Media Limited. All rights reserved.

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