Informed sources: The Ministry of Commerce has strengthened its rare earth export control policy, which may herald the relaxation of exports to European chip companies

On May 28, it was learned from a number of people familiar with the matter that the Ministry of Commerce preached the rare earth export control policy at the China-EU Semiconductor Upstream and Downstream Enterprise Symposium held recently, and strengthened communication with China-EU chip companies on rare earth export control to maintain the stability of the global industrial chain. It is reported that rare earths play an indispensable role in semiconductor manufacturing, and rare earths are required in many steps of semiconductor manufacturing. "The Bureau of Industrial Security and Import and Export Control of the Ministry of Commerce preached the rare earth export control policy at the meeting to facilitate enterprises and their related suppliers to understand how to apply for export licenses," said a person familiar with the matter. Another person familiar with the matter said that this move means that China may relax the rare earth export control for the industrial chain of China-EU semiconductor companies, in order to better maintain the stability of the global