"The United States is being strict, but there is a question of whether we have to exactly match that," said former economy minister Akira Amari.

Last month, on the heels of an export ban by the US and amid ongoing lay-offs in tech industries across the world, YMTC announced it would dismiss 10% of its staff

Washington hopes to deploy more Western mobile phone networks in India and also welcome more Indian computer chip specialists to the US

Taiwan's export orders are likely to have contracted again in December as the island feels the hit of cooling global demand

Japan is a major supplier of machines used to make leading-edge semiconductors that could come under new restrictions

Europe’s largest technology company said the measures were not expected to have a material impact on its 2023 financial forecasts

Netherlands-based ASML Holding, a key supplier to chipmakers, could see at least some of its $2.4 billion in annual sales to China affected by fresh curbs

The Netherlands will restrict ASML from selling advanced chimaking equipment to China, while Japan would impose similar restrictions on Nikon Corp, media reports said

If the two sides can agree on the details, a deal could be announced as soon as Friday, two sources have said

China was among the biggest markets in 2022 for Europe's largest technology company, as it beat analyst forecasts to report fourth-quarter net profit of 1.82 billion euros ($2 billion)

Washington had expected the Netherlands to follow suit after it imposed China export restrictions on its own chip equipment companies last year but The Hague is drafting up its own response

The second-largest chipmaker in China after SMIC, Hua Hong will produce 300mm (12-inch) semiconductor wafers at the factory