Investing.com — The Biden administration is reportedly preparing to tighten restrictions on sales of semiconductor equipment and artificial intelligence memory chips to China, marking an escalation in efforts to curb Beijing’s technological advancements, Bloomberg News reported citing sources familiar with the matter.
The proposed measures, which have undergone several revisions and are not yet finalized, could be announced as early as next week.
The deliberations follow months of discussions among U.S. officials, negotiations with allies like Japan and the Netherlands, and lobbying from U.S. chip equipment manufacturers who have warned that severe restrictions could harm their businesses.
These adjustments include a narrower focus on which Chinese firms will face sanctions. For instance, while earlier drafts considered adding several Huawei suppliers to a trade restriction list, the current plan omits ChangXin Memory…
