CHINA-US: U.S. COMMERCE DEPARTMENT UNVEILS NEW RESTRICTIONS ON SALE OF SEMICONDUCTORS AND CHIP-MAKING EQUIPMENT TO CHINA
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Bloomberg (October 10) reported that the US Commerce Department on October 7
unveiled sweeping regulations that limit the sale of semiconductors and chip-making
equipment to Chinese customers, striking at the foundation of its efforts to build its own chip
industry. The agency also added 31 organizations to its unverified list, including Yangtze
Memory Technologies Co. and a subsidiary of leading chip equipment maker Naura
Technology Group Co., severely limiting their ability to buy technology from abroad.
Bloomberg described the moves as the Biden administration’s most aggressive yet as it tries to
stop China from developing technological capabilities it sees as a threat
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