China may relax rare earth export curbs for some chip companies
China
may relax curbs on exports of rare earths for Chinese and European
semiconductor
firms and other companies in their supply chain, state media said on Wednesday.
In April, China put seven rare earths and related products on an export control list, forcing all exporters to apply for licences, regardless of the nationality of overseas customers.
While a few licences have since been granted to exporters of
rare earth magnets
, used in the semiconductor, auto and defence industries, the complex licensing process can take months, and is already causing confusion at customs.
Play Video
Pause
Skip Backward
Skip Forward
Unmute
Current Time
0:00
/
Duration
0:00
Loaded
:
0%
0:00
Stream Type
LIVE
Seek to live, currently behind live
LIVE
Remaining Time
-
0:00
1x
Playback Rate
Chapters
Chapters
Descriptions
descriptions off
, selected
Captions
captions settings
, opens captions settings dialog
captions off
, selected
Audio Track
default
, selected
Picture-in-Picture
Fullscreen
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
Text
Color
White
Black
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Text Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Transparent
Caption Area Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Transparent
Semi-Transparent
Opaque
Font Size
50%
75%
100%
125%
150%
175%
200%
300%
400%
Text Edge Style
None
Raised
Depressed
Uniform
Drop shadow
Font Family
Proportional Sans-Serif
Monospace Sans-Serif
Proportional Serif
Monospace Serif
Casual
Script
Small Caps
Reset
restore all settings to the default values
Done
Close Modal Dialog
End of dialog window.
On Wednesday, the official China Daily said China could relax the controls for the supply chains of Chinese and European semiconductor companies, citing a single source.
The
rare earth
controls were discussed at a meeting between Chinese and European semiconductor firms hosted by China's commerce ministry on Tuesday, the paper said, where Chinese officials explained the application process.
Live Events
"The meeting provided European Chamber members the opportunity to express in person the urgent need to accelerate approval processes, to ensure the stability of their supply chains," said Jens Esklund, president of the European Union Chamber of Commerce in China.
Discover the stories of your interest
Blockchain
5 Stories
Cyber-safety
7 Stories
Fintech
9 Stories
E-comm
9 Stories
ML
8 Stories
Edtech
6 Stories
"This is imperative, as many European production lines will come to a halt very soon due to the shortage of crucial inputs," he added in a statement to Reuters.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
18 minutes ago
- Indian Express
Spurned by Trump? Global universities now wooing foreign students as US administration ratchets up pressure
Universities around the world are stepping in to welcome students affected by US President Donald Trump's recent actions against academic institutions. They are aiming to attract students, researchers and part of the international education market that has long been a major source of revenue for the United States. Osaka University in Japan is offering support for those looking to move from US universities. This includes waiving tuition fees, providing research funding and helping with travel arrangements. 'We see this as a loss for all of humanity,' said Masaru Ishii, dean of the graduate school of medicine at Osaka University, according to Reuters. Other universities in Japan, including Kyoto and Tokyo, are also exploring similar offers. In China, Xi'an Jiaotong University is actively encouraging students from US institutions such as Harvard to consider transferring. It has promised simplified admissions and full support for those who move. Hong Kong's government has told its universities to attract skilled students and researchers from the US as well. The move comes after President Trump's administration made cuts to research funding, limited visas—especially for Chinese students and proposed higher taxes on top universities. Last week, the US government revoked Harvard University's ability to enrol foreign students, although a court later overturned that decision. According to Jessica Turner, head of London-based analytics company Quacquarelli Symonds (QS), other countries are quickly trying to fill the gap. 'Germany, France and Ireland are becoming more attractive options in Europe,' she told Reuters. 'In Asia-Pacific, students are also looking at New Zealand, Singapore, Hong Kong, South Korea, Japan and mainland China.' The crackdown has hit Chinese students particularly hard. US Secretary of State Marco Rubio said the government would 'aggressively' tighten visa rules for Chinese nationals. There are over 275,000 Chinese students currently enrolled in US universities. Their presence contributes significantly to university income and helps feed talent into US tech firms. In 2023, international students—mostly from India and China added more than $50 billion to the US economy, according to the US Department of Commerce. Many students are now rethinking their plans, just as the academic year nears. Dai, a 25-year-old student from Chengdu, told Reuters she may now choose to study in Britain instead of the US. 'The various policies (by the US government) were a slap in my face,' she said, asking to be identified only by her surname. 'I'm thinking about my mental health and it's possible that I indeed change schools.' Students from the UK and the European Union are also becoming more hesitant about studying in the United States. Tom Moon, deputy head of Oxbridge Applications, a consultancy that supports university applicants, said his firm had been contacted by international students in the US who want to transfer to Canada, the UK or Europe. He said a recent survey found that 54% of clients were now 'less likely' to study in the US compared to earlier in the year. British universities have reported more interest from students currently in the US, according to Universities UK, a group that promotes British institutions. But it's still too early to tell whether this will result in more actual enrolments. Some students, like 18-year-old Canadian Ella Ricketts, are worried about the financial cost of transferring. She currently studies at Harvard on a scholarship. 'When I applied, the only university I considered in Europe was Oxford,' she said. 'But I realised I wouldn't be able to afford the international fees and there weren't enough scholarships or aid available.' If she can't stay at Harvard, she said she would probably apply to the University of Toronto. Interest in US universities appears to be dropping. QS reported that visits to its 'Study in America' online guide had fallen by 17.6% over the past year, with interest from India down by more than half. 'Enrolment trends usually take six to 18 months to become clear,' Turner said. 'But reputational damage lasts longer, especially when students are unsure about visas and work opportunities.' Caleb Thompson, a 20-year-old Harvard student from the US, told Reuters that international students bring value to American universities. 'If America turns these brilliant and talented students away, they will find other places to work and study,' he said.
Deccan Herald
23 minutes ago
- Deccan Herald
'So much for being Mr. Nice Guy': Trump says China has 'totally violated' tariff agreement with US
US trade talks with China were 'a bit stalled' and getting a deal over the finish line will likely need the direct involvement of President Donald Trump and Chinese President Xi Jinping, US Treasury Secretary Scott Bessent told Fox News on Thursday.
Hindustan Times
24 minutes ago
- Hindustan Times
Why is the crypto market down today? Explained
The cryptocurrency market on Friday experienced a significant decline, with a 61 billion dollar dip in total market capitalisation, partially due to new restrictions imposed by China on private cryptocurrency holdings. China has imposed a fresh ban on cryptocurrency holdings according to a report by Binance. The Chinese government has not only banned trading or mining of cryptocurrencies, but even individual ownership of digital assets like Bitcoin. Although the current situation is challenging, analysts expect that downward pressure will ease soon, says InvestX, a cryptocurrency and finance related website. Also Read: Crypto investor tortures Italian man for Bitcoin password in $30,000-a-month NYC apartment The move by China has led to a general decrease in investor optimism and has caused panic selling that caused a drop in the markets. China has had a hardline approach to cryptocurrency in order to promote the use of the state-backed digital yuan. With the ban on private crypto holdings, Beijing is tightening its grip on financial flows, potentially accelerating the adoption of its central bank digital currency (CBDC). Also Read: Who is John Woeltz? $100M crypto king kidnaps, tortures Italian man for Bitcoin password in NYC before dramatic escape Meanwhile, the Trump administration's decision to favour tax cuts and lower tariffs have the potential to kick off another speculative frenzy in markets, reported Reuters, citing Bank of America. This US economic strategy could incentivize traders to ditch bonds and start buying back into artificial intelligence and crypto trades, which would risk inflating a market 'bubble." US vice president JD Vance has advocated for the use of Bitcoin and other cryptocurrencies in order to build on its strategic advantages against China. During a Bitcoin Conference in Las Vegas, Vance applauded President Donald Trump's executive order in March that created a strategic bitcoin reserve with tokens already owned by the government.
