US to ramp up restrictions on semiconductor exports to China: report ...Middle East

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US to ramp up restrictions on semiconductor exports to China: report
The Biden administration next month will place new restrictions on U.S. shipments of semiconductor chips and chipmaking equipment to China, according to Reuters. The Commerce Department will formalize new rules prohibiting the shipment of chipmaking equipment to Chinese factories that produce advanced semiconductors, Reuters reported, citing people familiar with the matter. U.S. companies seeking to export the equipment must obtain a Commerce Department license. Three U.S. companies — KLA Corp., Lam Research Corp., and Applied Materials Inc. — already operate under the restrictions as directed by the Commerce Department. The Hill has reached out to the Commerce Department for c

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