Charts of the Day: U.S. Chip Restrictions Cut Deep

The U.S. government’s ratcheting up of export controls targeting China’s semiconductor sector has been described as a double-edged sword. As it slices through China’s technological ambitions, it will also cut deep into the U.S. and global firms that supply them.

That’s because the U.S. and American-allied nations such as Japan and the Netherlands supply the vast majority of the world’s chipmaking equipment.