Reported about 17 hours ago
U.S. lawmakers are advocating for wider bans on the sale of chipmaking equipment to China, following a bipartisan investigation revealing that Chinese firms purchased $38 billion in sophisticated machinery last year, a 66% increase from 2022. The House of Representatives Select Committee on China cited inconsistencies in export regulations among the U.S., Japan, and the Netherlands that allowed non-U.S. companies to supply Chinese manufacturers. This move aims to restrict China's capabilities in semiconductor production, crucial for advanced technologies and national security.
Source: YAHOO