International Trade

The US and Netherlands are expected to hold a new round of talks this month on restricting China’s access to advanced chip technologies, during which Washington will ramp up pressure on its ally to block ASML Holding NV from supplying the Asian nation.

US companies are acknowledging that reshoring -- once the subject of talk but no groundswell of action -- is accelerating, with at least one executive being “pumped up” about critical supply lines shifting away from nations such as China.

China has ordered a seven-day lockdown of the area around Foxconn Technology Group’s main plant in Zhengzhou, a move that will severely curtail shipments in and out of the world’s largest iPhone factory.