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US to Announce New Limits on Chip Technology Exports to China

  • Commerce Department expected to release new rules this week
  • Chip manufacturing has emerged as key US-China battleground
Bloomberg business news
US to Announce New China Chip Limits

The Biden administration plans to announce new restrictions on China’s access to U.S. semiconductor technology, according to people with knowledge of the situation, an escalation of Washington’s efforts to stifle Beijing’s industrial ambitions and a risk to growth for the $550 billion sector.

The Commerce Department will roll out a package of rules this week to govern which semiconductor technologies can be exported to China, including codifying earlier guidance given to specific companies, said the people, who asked not to be identified as the information isn’t public.