Bloomberg quoted sources from people attending a meeting of US semiconductor equipment manufacturer representatives with US Secretary of Commerce Gina Raimondo said that Dutch company ASML and Japanese chip gear makers such as Tokyo Electron Limited (TEL), Nikon Corp., and Canon Corp. are likely to be required for complying the US export control to ban China’s access to advanced semiconductor technologies.

Qualcomm will continue to provide the modem chips for the “vast majority” of iPhones in 2023, a turnabout for a company that had expected to lose the business to Apple Inc.’s homegrown components.

Foxconn announced on Nov. 3 that it will be manufacturing EVs in Saudi Arabia under a new EV brand Ceer, which will be the first locally produced automobile brand in the country, according to Foxconn.