Washington has also banned beneficiaries of the $39bn CHIPS and Science Act from using the cash for share buybacks

Semiconductor demand remained high whilst orders for electronic products fell 21.8%, Taiwan's economy ministry said

The China business is the exclusive distributor of Arm chip technology in China and develops and sells its own chip designs based on Arm

It is rare but not unprecedented for Berkshire to quickly undo a multi-billion dollar investment in a company's stock

Samsung’s plans have fanned concern that the world's biggest memory chipmaker intends to draw on its deep pockets to gain market share from smaller peers

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

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors

The US sees the participation of other top producers of chipmaking equipment as essential to making its sweeping chip export controls against China effective

A dominant player in the global chip industry, the country hopes the incentives would help it cement the security of its supply-chain security while boosting the economy

The move is an effort to bolster ASML's relations with customers like Samsung and SK Hynix in the face of new US chip sanctions against China

Taiwan, home to the world's largest contract chipmaker, TSMC, plays an outsized role in providing chips used in everything from cars to fighter jets