The United States on Monday launched its third crackdown in three years on China's semiconductor industry, curbing exports to 140 companies including chip equipment maker Naura Technology Group, among other moves.

The Biden administration issued new restrictions Monday on exports of certain semiconductor chips and equipment to China, marking the Biden administration’s latest crackdown to curb the country’s competitive advancements in chipmaking.

The US has introduced new export controls in an effort to curtail China’s ability to create an advanced semiconductor industry and to slow its development of artificial intelligence with military applications.

The U.S. will launch its third crackdown in three years on China's semiconductor industry on Monday, restricting exports to 140 companies including chip equipment maker Naura Technology Group , among other moves,

The U.S. is launching new export restrictions on 140 Chinese semiconductor companies, targeting advanced chips and manufacturing tools, aiming to limit China's chip production and national security threats.

New US restrictions will hit two dozen semiconductor companies, two investment firms and over 100 chipmaking tool makers, sources told Reuters.