US to block sale of cutting-edge, chip-making equipment to China
FILE - Employees wearing protective equipment work at a semiconductor production facility for Renesas Electronics in Beijing, China, May 14, 2020.
The Biden administration announced Monday that it has imposed a new set of export controls on China, restricting the sale of cutting-edge, semiconductor-manufacturing equipment and high-bandwidth computer memory to the communist nation.
The new rules ban the sale of 24 different kinds of equipment and three different software tools, all of which are used to produce what are known as “advanced node” semiconductors, the fastest and most efficient chips on the market.
The export controls, announced by the Commerce Department’s Bureau of Industry and Security, also restrict the transfer of high-...