Semiconductor companies seeking U.S. federal subsidies under the Chips Act may face a difficult choice: Accept Washington's help to expand in the U.S., or retain the ability to expand in China?The Biden administration last week proposed new rules detailing restrictions on chip companies' operations in China and other concerned countries if they accept taxpayer funding.Industry…
/ BloombergThe US has sharpened its assault on China’s technology industry with a flurry of export bans and stifling restrictions on companies, an escalation that leaves Beijing with few options for retaliation.
The new actions unveiled this week placed a number of Chinese companies on an entity list, requiring suppliers to get difficult-to-obtain U.S. government licenses.
The administration also blacklisted a company that The Washington Post recently reported facilitated sales of U.S. technology to military institutes involved in China's hypersonics and missile programs.
The Biden administration doubled down Thursday on its high-tech containment of China, expanding a ban on commercial exports of advanced U.S. technology that it said aids Beijing’s military and hypersonics programs and enables human rights violations.