Shares of Japanese chip equipment makers including Tokyo Electron Ltd. extended losses after US officials were said to be planning tougher controls on China’s semiconductor industry.

Some Trump officials also aim to further restrict the quantity and types of Nvidia chips that can be exported to China without a license, the report said, citing people familiar with the matter.

In a move to further tighten the noose on China’s burgeoning tech sector, President Donald Trump is reportedly considering stricter measures on the country’s semiconductor industry. This move is seen as an extension of efforts initiated under the Biden administration to curb China’s technological advancement.