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A report released this week showed that despite Washington's new export restrictions to curb advances in China's semiconductor industry, Chinese companies are still buying U.S. chipmaking equipment
The report released by the US-China Economic and Security Review Commission, takes aim at the Biden administration's October 2022 export curbs, which seek to bar Chinese chipmakers from getting US chipmaking tools if they would be used to manufacture advanced chips at the 14 nanometer node or below.
The latest crackdown on tech exports to China coincides with US efforts to thaw difficult relations between the world's two largest economies. Several senior members of the Biden administration have met their Chinese counterparts in recent months, and the latest round of rules risks complicating the diplomatic effort.
The updates would add restrictions and close loopholes in rules first unveiled on October 7, 2022, sources say. Those rules angered Beijing and further strained relations with Washington.