中国商务部就半导体流动问题表示，将批准符合条件的中国出口商的相关出口许可申请。针对稀土出口管制问题，中国商务部表示，中国依法依规开展许可审查，对符合规定的申请予以许可。中欧在经贸领域有着广泛的共同利益和巨大的合作空间。外汇交易员 (@myfxtrader):安世半导体（Nexperia）官网更新动态：期待尽快获悉有关放宽出口限制的条件、标准及程序的进一步细节；无法保证自10月13日起从中国工厂交付的产品在知识产权、技术、真实性及质量标准方面的合规性；有关张学政恢复CEO职务的传言不实；相信局势有望尽快缓和。 https://t.co/77uSiquEGk ...

Trade Policy Change - China will issue general export licenses for rare earths, gallium, germanium, antimony, and graphite to US end-users and their global suppliers [1] - The general license effectively cancels the control measures implemented by China in April 2025 and October 2025 respectively [1] Timeline Correction - The implementation dates of the control measures are corrected to April 2025 and October 2025, not October 2022 [1]

Export Policy & Regulation - China's rare earth magnet companies are facing stricter export license reviews since September, with more frequent rejections and requests for supplementary information [1] - The review process has been prolonged, although generally still within the Ministry of Commerce's 45 working day timeframe, but the level of scrutiny is similar to the height of trade tensions in April [1] Export Volume Analysis - China's rare earth exports in September decreased by 31% month-over-month to 4,0003 metric tons, and decreased by 43% year-over-year [1] - China's rare earth exports from January to September increased by 126% year-over-year, totaling 48,3557 metric tons [1] Market Impact - The decrease in September rare earth exports is attributed to the increasing difficulty in obtaining new licenses [1]

US-China Trade Relations & Semiconductor Industry Impact - The discussion revolves around the implications of potential trade restrictions and export licenses on US semiconductor companies, specifically NVIDIA and AMD, in relation to their access to the Chinese market [1][2][7] - Concerns exist regarding a potential "quid pro quo" arrangement, where companies might be required to concede a percentage (15%) of revenue in exchange for export licenses to China [2][3][4] - The industry worries about the precedent this sets and the potential for it to expand to other products and companies beyond AI [2] - The long-term impact on NVIDIA and AMD's access to the Chinese market is questioned, considering the current US sentiment towards China [7][8] Competitive Landscape & Market Dynamics - The importance of maintaining a presence in the Chinese market to compete with local alternatives like Huawei is highlighted [2][10] - Concerns are raised that restrictions on US companies could lead to Chinese developers coalescing around local alternatives [10] - Over time, the performance gap between products NVIDIA and AMD can sell in China versus the rest of the world may widen due to restrictions [10][11] - China's local products are improving, potentially becoming more competitive with restricted NVIDIA and AMD offerings [10][11] Company Strategies & Government Relations - NVIDIA has a roadmap with products that are supposedly compliant and don't require a license for sale in China [8] - AMD's future China roadmaps are less clear [9] - AMD believes the US government is trying to find a balance between national security and ensuring the proliferation of US AI technologies [13] - AMD CEO Lisa Su is perceived to be effectively building relationships with the US administration [14][16]

Regulatory Impact - Nvidia and AMD 需要将其中国 AI 芯片收入的 15% 支付给美国，以获得出口许可证 [1]

Trade Policy - The Trump administration has lifted export license requirements for chip design software sales in China [1] - This action implements a trade deal aimed at easing restrictions on essential technologies [1]