The move signifies Beijing's changing priorities as it looks to strengthen is capabilities while Washington cuts off access to cutting edge technology

"To have dispatched an advanced fighter jet to shoot down a balloon with a missile, such behaviour is unbelievable," China's top diplomat said at a global security conference

Last month, on the heels of an export ban by the US and amid ongoing lay-offs in tech industries across the world, YMTC announced it would dismiss 10% of its staff

The laid-off workers were identified as 'poor performers' just two months after the US chip sanctions on China hit YMTC, SCMP said

Japan is a major supplier of machines used to make leading-edge semiconductors that could come under new restrictions

Europe’s largest technology company said the measures were not expected to have a material impact on its 2023 financial forecasts

Netherlands-based ASML Holding, a key supplier to chipmakers, could see at least some of its $2.4 billion in annual sales to China affected by fresh curbs

The Netherlands will restrict ASML from selling advanced chimaking equipment to China, while Japan would impose similar restrictions on Nikon Corp, media reports said

Taiwan's tech sector is incredibly advanced but it faces an ongoing security threat from China, former NATO Assistant Secretary General Giedrimas Jeglinskas said in the report

Taiwan’s Economy Ministry said that while Foxconn had breached regulations, there was no concern about an ‘outflow of technology’

Macau has been a Special Administrative Region of China since 1999 when its Portuguese administration returned it to Chinese sovereignty

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors