US trying to stifle China chip industry with new export rules

The Biden administration published a comprehensive set of export controls on Friday,

This includes a measure to cut China off some semiconductor chips made anywhere in the world with American equipment,

 Expanding its reach to slow Beijing's technocracy. and military advances.

of these rules, some of which come into force with immediate effect,

Based on sanctions sent this year to top toolmakers KLA Corp (KLAC.O), Lam Research Corp (LRCX.O) and Applied Materials Inc (AMAT.O),

which are effectively needed. To prevent shipment of equipment to wholly Chinese-owned factories producing advanced logic chips.

Read More story