Caixin
Nov 02, 2022 03:51 AM
TECH

U.S. Ban on Americans at China Chip Companies Narrower Than Expected

The new U.S. measures had a sizable impact on the $550 billion global chip industry
The new U.S. measures had a sizable impact on the $550 billion global chip industry

(Bloomberg) — Washington’s restrictions on Americans assisting China’s semiconductor industry will be more narrowly enforced than expected, suggesting a smaller-than-projected impact on integrated circuit companies doing business in the world’s second-largest economy.

The rules seem to mostly target U.S. persons working in certain functions for semiconductor manufacturing equipment makers. That’s based on a document the Bureau of Industry and Security (BIS) published Friday to clarify export controls announced Oct. 7. The sanctions were introduced to keep cutting-edge chip technologies out of the hands of China’s military. But they amplified uncertainty around the tech industry and wrought havoc on global chip stocks.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code