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US issues new restrictions on chip manufacturing exports to China ...Middle East
The Biden administration issued new restrictions on exports of certain semiconductor chips and equipment to China on Monday, marking the Biden administration's latest crackdown to curb the country's competitive advancements in chipmaking. The new export controls place more than 100 Chinese chipmaking tool manufacturers on a restricted trade list, prohibiting U.S. companies from sending them equipment without specific permission, the Commerce Department's Bureau of Industry and Security said Monday. Leading chip equipment company Naura Technology Group is among the dozens of Chinese companies facing new restrictions. The move also blocks the sales of certain chips, called "high-b
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