Latest news with #JensEsklund
Time of India
3 days ago
- Business
- Time of India
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. 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. "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. "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.
Yahoo
3 days ago
- Business
- Yahoo
China Blinks? Rare Earth Lifeline May Be Coming for Tesla and Europe's Chipmakers
China might be loosening its grip on rare earth exports, just weeks after throwing a wrench into global supply chains with sweeping new licensing rules. Following pressure from semiconductor firms in both China and Europe, Beijing held a closed-door meeting this week to hear out mounting frustrations. The outcome? State media is now floating the possibility that companies critical to the chip industry could get a faster lane through export controlsthough no formal pivot has been announced yet. Back in April, China added seven rare earths and related products to its export control list, forcing all exporters to apply for licensesno matter where the goods were headed or who the buyer was. A few approvals have trickled through since then, mostly for rare earth magnets used in EVs, chips, and defense. But the process has proven slow and confusing, with some applications stuck in customs for months. The European Chamber of Commerce says the delays could soon bring parts of the continent's high-tech manufacturing to a grinding halt. That's why this potential easing matters. Tesla (NASDAQ:TSLA), for instance, relies heavily on rare earths for its electric drivetrainsand so do European fabs trying to meet production targets. Jens Esklund, who leads the EU Chamber in China, didn't mince words: without faster approvals, many European production lines will come to a halt. If Beijing follows through, it could offer much-needed breathing room for chipmakers and automakers alike. Investors will be watching closelynot just for policy changes, but for clues about how China plans to balance control with commerce. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
3 days ago
- Business
- Yahoo
China Blinks? Rare Earth Lifeline May Be Coming for Tesla and Europe's Chipmakers
China might be loosening its grip on rare earth exports, just weeks after throwing a wrench into global supply chains with sweeping new licensing rules. Following pressure from semiconductor firms in both China and Europe, Beijing held a closed-door meeting this week to hear out mounting frustrations. The outcome? State media is now floating the possibility that companies critical to the chip industry could get a faster lane through export controlsthough no formal pivot has been announced yet. Back in April, China added seven rare earths and related products to its export control list, forcing all exporters to apply for licensesno matter where the goods were headed or who the buyer was. A few approvals have trickled through since then, mostly for rare earth magnets used in EVs, chips, and defense. But the process has proven slow and confusing, with some applications stuck in customs for months. The European Chamber of Commerce says the delays could soon bring parts of the continent's high-tech manufacturing to a grinding halt. That's why this potential easing matters. Tesla (NASDAQ:TSLA), for instance, relies heavily on rare earths for its electric drivetrainsand so do European fabs trying to meet production targets. Jens Esklund, who leads the EU Chamber in China, didn't mince words: without faster approvals, many European production lines will come to a halt. If Beijing follows through, it could offer much-needed breathing room for chipmakers and automakers alike. Investors will be watching closelynot just for policy changes, but for clues about how China plans to balance control with commerce. This article first appeared on GuruFocus.
Time of India
3 days ago
- Business
- Time of India
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.
Yahoo
3 days ago
- Business
- Yahoo
China may relax rare earth export curbs for some chip companies
BEIJING (Reuters) - 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. 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. "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. "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.
