{"id":1965345,"date":"2023-07-06T07:52:02","date_gmt":"2023-07-06T11:52:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/vw-ready-to-deal-with-china-metal-curbs-if-needed-chipmakers-play-down-fallout\/"},"modified":"2023-07-06T07:53:48","modified_gmt":"2023-07-06T11:53:48","slug":"vw-ready-to-deal-with-china-metal-curbs-if-needed-chipmakers-play-down-fallout","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/vw-ready-to-deal-with-china-metal-curbs-if-needed-chipmakers-play-down-fallout\/","title":{"rendered":"VW prepared for China metal restrictions, chipmakers downplay consequences."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fvw-ready-to-deal-with-china-metal-curbs-if-needed-chipmakers-play-down-fallout%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1965345&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>By Ben Blanchard and Jan Schwartz<\/p>\n<p>TAIWAN (Reuters) \u2013     Volkswagen said it is monitoring the situation on metals markets after China imposed export restrictions on two minor metals used in semiconductors and electric vehicles, while some chipmakers on Thursday played down the potential damage to supplies.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Fears are growing that more curbs on <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/vw-ready-to-deal-with-china-metal-curbs-if-needed-chipmakers-play-down-fallout\/\" title=\"VW prepared for China metal restrictions, chipmakers downplay consequences.\">strategic exports including rare earths<\/a> could be coming after a top Chinese trade adviser said on Wednesday that the limits on gallium and germanium, effective Aug. 1, were \u201cjust a start\u201d. <\/p>\n<p>The abrupt announcement, days before Thursday\u2019s arrival in  Beijing of U.S. Treasury Secretary Janet Yellen for a visit, sent some companies scrambling to secure supplies of the two metals and stirred concerns about a jump in prices. <\/p>\n<p>It has also prompted more companies to re-think their reliance on the world\u2019s No. 2 economy.<\/p>\n<p>VW, which relies on gallium and germanium for automotive products, said it was \u201cready to take measures together with its partners if necessary\u201d but did not elaborate. The metals will also play a role in future autonomous driving functions, a spokesperson for the German carmaker said.<\/p>\n<p>The export curbs are likely to further strain U.S.-China relations as the countries vie for dominance in semiconductor and defence technologies.<\/p>\n<p>\u201cIf the talks between the two sides go well, many restrictions could be loosened, but if the talks go badly, both sides may put up more sanctions after Yellen goes home,\u201d said Capital Securities Corp analyst Liao Chien-yu.<\/p>\n<p>Some industry players said the restrictions could leave  China with a glut of the two metals, weighing on domestic prices even as costs overseas jumped this week.<\/p>\n<p>Germanium is used in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/where-are-strategic-materials-germanium-and-gallium-produced\/\" title=\"Where are germanium and gallium strategically produced?\">high-speed computer chips<\/a>, plastics, and in military applications such as night-vision devices, as well as satellite imagery sensors. Gallium is used in radar and radio communication devices, satellites and LEDs.<\/p>\n<p>Some larger chip manufacturers view China\u2019s export controls on gallium as more of a warning shot about what economic pain the country could inflict. <\/p>\n<p>But if prices rise as restrictions take hold companies would have another reason to shift supply chains.<\/p>\n<p>Taiwan\u2019s WIN Semiconductors, which uses gallium for optoelectronic devices, told Reuters only a \u201csmall number\u201d of substrates are purchased from China, with most of its supplies coming from Germany and Japan. <\/p>\n<p>Taiwan\u2019s TSMC, the world\u2019s largest contract chipmaker, said it does not expect any direct impact on its production from the moves.<\/p>\n<p>Taiwan is a major producer of chips used in everything from smartphones and cars to fighter jets, supplying companies like Apple and Nvidia.<\/p>\n<p>Chipmaker NXP Semiconductors sees no material impact on its business. NXP makes some chips for the auto and communications sectors using gallium or germanium.<\/p>\n<\/p>\n<p> (Reporting by Reuters bureaus; Writing by Josephine Mason; Editing by Catherine Evans)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/vw-ready-to-deal\/attachment\/file-photo-union-at-volkswagen-in-mexico-holds-new-contract\/\"><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/vw-ready-to-deal\/attachment\/illustration-picture-of-gallium-and-germanium-with-chinese-flag\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The Biden Administration puts the White in White House.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>National Political Correspondent Neil W. McCabe interviewed Florida Chief Financial Officer Jimmy Patronis about his decision to pull $2 billion in state funds from Blackstone, Wall Street\u2019s most powerful money manager\u2013and his reaction to the comments by BlackRock\u2019s CEO Larry Fink about Patronis\u2019s decision, his leadership in the Environmental, Social Governance investment movement.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Kari Lake<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Ricci Lee Wynne<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Foo Yun Chee BRUSSELS (Reuters) \u2013 The metaverse, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/argentina-to-push-july-imf-debt-payments-to-month-end-source\/\" title=\"Argentina will delay its July debt payments to the International Monetary Fund (IMF) until the end of the month, according to a source.\">shared virtual worlds accessible<\/a> via the internet, has not triggered any concerns so\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Foo Yun Chee BRUSSELS (Reuters) \u2013 The metaverse, shared virtual worlds accessible via the internet, has not triggered any concerns so\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) \u2013 Google has accused India\u2019s antitrust body of ordering changes to its business\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) \u2013 Google has accused India\u2019s antitrust body of ordering changes to its business\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>metals used in semiconductors and electric vehicles may disrupt supply chains. Volkswagen is closely monitoring the situation, as China&#8217;s export restrictions on these metals could impact production. However, chipmakers downplayed concerns, suggesting that the damage to supplies may not be significant.<\/p>\n","protected":false},"author":66,"featured_media":1965346,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1965345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1965345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1965345"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1965345\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1965346"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1965345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1965345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1965345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}