The Commerce Department will require licenses to sell to Beijing.
The new rules require manufacturers, like Intel and Micron, to receive a license from the Commerce Department in order to export semiconductors and chip-making equipment to Chinese companies. In addition, the administration issued several foreign direct product rules, banning international companies from exporting chips built with US technology.
Semiconductor chips are used in a variety of different technology products, from graphics cards and EVs to artificial intelligence projects and military equipment The decision follows months of increased investment by the US in domestic semiconductor manufacturing. In August,, providing $52 billion in subsidies to boost companies choosing to build chip manufacturing plants in the US. The measure was the result of months of talks between the Biden administration and congressional leaders like Sen. Chuck Schumer in an effort to boost US competitiveness against China in the tech industry.
Semiconductor chips are used in a variety of different technology products, from graphics cards and EVs to artificial intelligence projects and military equipment. The White House’s Friday move to restrict US chip sales to China is an attempt to cut off Beijing’s access to American tech before the industry has even fully matured.
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