China has announced restrictions on the exports of gallium and germanium compounds, which are crucial for semiconductor manufacturing, citing national security concerns. Starting from August 1, exporters will be required to obtain licenses and disclose importers and end users. This move comes amid an escalating technological trade war between China, the US, and Europe, with each country imposing restrictions on key chips and semiconductor tools. The US has also been lobbying other chipmaking nations to introduce export restrictions. Some countries are aiming to secure their own supply chains and develop domestic chip industries.

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