U.S. chip makers must wait for Chinese restrictions to ease

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Commerce Secretary Gina Raimondo this week sent a sobering message to U.S. chip-making equipment makers: You’ll have to wait up to nine months before Washington can reach a deal with U.S. allies on tough new rules to restrict China’s access to certain technologies.

The United States is working on a deal that would subject companies in the Netherlands and Japan — home to some of the biggest makers of chipmaking equipment — to limits on sales of such equipment to China. US companies are already bound by export controls, which they say will cost them billions of dollars in revenue even as their main competitors in Europe and Japan face fewer limits on sales in China.

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