(ZEROHEDGE) – Whether the conversations have been about Chinese spy balloons or AI breakthroughs, Western nations and China are increasingly ramping up a "tech war." The latest development emerges from Germany, as Berlin contemplates restricting exports of chemicals to Chinese firms, which are essential for producing advanced semiconductors.
Bloomberg reports that Chancellor Olaf Scholz's government is considering new measures that would restrict German companies like Merck KGaA and BASF SE from exporting some of their chemicals to China for advanced semiconductor production.
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Scholz and Economy Minister Robert Habeck are falling in line with other European countries, such as the Netherlands, to ensure Beijing's development of advanced chip technology is halted.
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