New rules significantly expand restrictions on selling China chip technology, but critics say they also contain carve-outs that are favorable to industry.

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 Biden administration announced a sweeping set of new export controls that will make it harder for Chinese companies like Huawei and ByteDance to develop cutting-edge artificial intelligence.

The export of memory chips used in AI applications is restricted, but a delayed announcement gave Chinese companies the chance to stock up.

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 US has introduced export restrictions on 140 Chinese semiconductor companies to curb the growth of the country's AI industry.

On Monday, the Biden administration announced new export controls, perhaps most notably restricting exports to China of high-bandwidth memory (HBM) chips used in AI applications. According to Reuters,

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 ,