Smiths Group Moves Semiconductor Testing to the U.S. From China, the Financial Times Says

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Smiths Group Moves Semiconductor Testing to the U.S. From China, the Financial Times Says

Dow Jones03-31

-- U.K. engineering company Smiths Group is planning to make some of its semiconductor testing devices in Texas instead of China, Chief Executive Roland Carter says to the Financial Times.

-- The move--which the company started making last July--reflects years of escalating trade restrictions and supports U.S.-based chip manufacturers who wanted the product in America, FT reports.

-- Smiths' decision is part of the race in the chip-building industry to develop U.S. supply chains, which have been under pressure from Washington to guarantee U.S. supplies of semiconductors to develop artificial intelligence, FT adds.

Full story: https://tinyurl.com/5bccd6mp

Write to Najat Kantouar at najat.kantouar@wsj.com

(END) Dow Jones Newswires

March 31, 2025 01:45 ET (05:45 GMT)

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