The US will launch its third crackdown in three years on China's semiconductor industry on Monday, restricting exports to 140 companies.

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 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 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 United States announced new export restrictions Monday targeting China's ability to make advanced semiconductors, drawing swift condemnation from Beijing as competition deepens between the world's two biggest economies.

On Monday, the U.S. Department of Commerce announced new restrictions on the export of equipment to China used for producing advanced integrated circuits, including those in AI systems. According to the department,

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

The United States on Monday announced a new semiconductor export control package against China, including curbs on high-end chips for artificial intelligence (AI) that are likely to affect the South Korean industry.