House China panel takes aim at chip 'toolmakers'

The Big Story

House China panel takes aim at chip 'toolmakers'

The House Select Committee on China is calling for stronger restrictions on companies producing the equipment used to make semidconductor chips amid concerns their sales are boosting Beijing’s chipmaking capabilities.

© Greg Nash

In a new report Tuesday, the panel said Chinese firms spent $38 billion on semiconductor manufacturing equipment from five major companies based in the U.S. and allied countries — ASML, Tokyo Electron, Applied Materials, KLA and Lam Research — last year.

This amounted to 39 percent of their aggregate revenue, the report noted.

“They are growing their profits at the expense of U.S. national security,” House China Committee Chair John Moolenaar (R-Mich.) said in a statement. “We must not allow this