Sources: US chip equipment suppliers are pausing business activities and pulling out staff based at China’s YMTC, following US curbs on China’s chip sector (Wall Street Journal)

Reuters:
Sources: Biden admin plans more curbs on US shipments to China of chipmaking tools and chips for AI, affecting Lam Research, Applied Materials, KLA Corp, others  —  The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence …

Sankalp Phartiyal / Bloomberg:
Sources: Apple’s iPhone exports from India crossed $1B since April 2022 and could reach $2.5B by March 2023, up from $1.3B in the year ending March 2022  —  Apple Inc.’s iPhone exports from India crossed $1 billion in the five months since April, according to people familiar with the matter …

Sam Kim / Bloomberg:
South Korea’s trade ministry data shows its DRAM chip exports fell 24.7% YoY in August 2022, the biggest drop since 2019, indicating a deepening slump in demand  —  South Korea’s exports of its most lucrative memory chip fell by the most since 2019, indicating a deepening slump in technology demand central to global economic growth.

Arjun Kharpal / CNBC:
ASML, the Dutch company that makes chip making equipment, expects US restrictions on exporting high-end chips to China to have “limited” impact on its business  —  – ASML reported third-quarter revenue and earnings on Wednesday that topped analyst expectations …

Financial Times:
Sources: the US commerce department plans to put Chinese memory chip maker YMTC on its “entity list” as early as this week, limiting its ability to get US tech  —  YMTC and others may go on ‘entity list’ as early as this week  —  The Biden administration is set …

Shen Lu / Wall Street Journal:
Baidu EVP Dou Shen downplays the impact of US semiconductor restrictions, after the company stockpiled parts, and says its AI business would benefit long term  —  Executive says the search-engine giant’s AI and cloud businesses don’t rely heavily on chips restricted by the U.S.