The Netherlands and Japan are set to implement restrictions on the sale of equipment used to make high-end semiconductors to China, joining the U.S. which has already limited such exports, and further eroding China’s ability to make cutting-edge tech, Bloomberg reported. The two countries were set to implement restrictions on the sale of high-tech manufacturing equipment from ASML and Nikon,...
Japan and Netherlands To Join U.S. Restrictions on Chip Machinery Exports to China
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Revenue at TikTok Owner ByteDance Rose More Than 30% in 2022, Topped $80 Billion
ByteDance, the Chinese owner of TikTok, generated more than $80 billion in annual revenue last year, up more than 30% from roughly $60 billion in 2021, according to two people with knowledge of the figure. The 2022 result, which hasn’t previously been reported, is significant because most technology companies with that kind of revenue experienced a marked slowdown in growth last year. It...
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