The sniper rifle has been put away. As of the end of this month, the US government is significantly tightening the control of advanced computing and semiconductor manufacturing technology. High bandwidth memory features prominently, as does the advanced packaging of HBM and GPUs. 140 companies, including investment companies and entities outside China, have been added to the embargo list. The Foreign Direct Product rule is extended, allowing the US administration to influence the export of subcomponents with the slightest traces of US technology. Also included in the Christmas gift to China is the inclusion of software keys to enable design software and semiconductor manufacturing equipment already in use. This could cripple the installed manufacturing capacity in China. ASML which this could impact, has thrown the hot potato on to the Dutch government by stating they follow Dutch legislation. The new administration has been armed to the teeth.