The U.S. has drastically dialed up its chip-sector curbs on China. That will severely curtail China’s ambitions of developing its own cutting-edge semiconductor industry—while hurting U.S. companies selling chips or semiconductor equipment to the country.
The Biden administration on Friday imposed some of its broadest restrictions yet on semiconductor sector exports to China. Instead of just targeting specific companies like Huawei, the new restrictions will require U.S. companies to secure licenses to export certain chips used in artificial intelligence and supercomputing, as well as equipment used in advanced semiconductor manufacturing.
