Biden Looks to Close China’s Underground Loophole for Receiving American Chips

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Biden Looks to Close China’s Underground Loophole for Receiving American Chips
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Small amounts of NVIDIA chips can still be purchased in China, but a new rule looks to close the roundabout ways American chips get there.

President Joe Biden is reportedly considering a new measure that hopes to block the small number of American chips that still make their way to China, in spite of an export ban, according to Reuters Friday. A United States rule restricting the export of advanced chips to China was revised this week, and yesterday went into final review.

continues to build one of the largest semiconductor factories in the world in Arizona, which hopes to ramp up US chip production. It is reported an announcement of the new chips blockade can be expected as soon as today, or at least before Biden’s meeting in November with President Xi, sources told The Trade Practitioner.

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