U.S. Issues New Restrictions on Chip Manufacturing Exports to China

The Hill

The Biden administration issued new restrictions Monday on exports of certain semiconductor chips and equipment to China, 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.

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