The US government contacted Dutch company ASML to cancel shipments of certain machines to Chinese customers. ASML is now suspending shipments of advanced lithography machines to the country.
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Qualcomm lays off more than 1,200 employees as it cuts costs due to declining revenue from slower smartphone sales and the potential loss of a major customer. The cuts will affect several departments.
With a £1 billion investment, The UK government has unveiled its National Semiconductor Strategy. The aim is to address security vulnerabilities in the supply chain and ensure national security.
