Latest US clampdown on China's chips hits semiconductor toolmakers, P2
- Shidonna Raven
- 4 hours ago
- 2 min read
By Karen Freifeld &
December 2, 2024
Source: Reuters
Photo / Image Source: Unsplash,
The move is one of the Biden administration's last large-scale efforts to stymie China's ability to access and produce chips that can help advance artificial intelligence for military applications, or otherwise threaten U.S. national security.
It comes just weeks before the swearing-in of Republican President-elect Donald Trump, who is expected to retain many of Biden's tough-on-China measures.
The package includes curbs on China-bound shipments of high bandwidth memory chips, critical for high-end applications like AI training; new curbs on 24 additional chipmaking tools and three software tools; and new export curbs on chipmaking equipment made in countries such as Singapore and Malaysia.
Commerce Secretary Gina Raimondo said the action aims to prevent "China from advancing its domestic semiconductor manufacturing system, which it will use to support its military modernization."
Reuters first reported many companies involved and key details of the plan.
The tool controls will likely hurt Lam Research (LRCX.O), opens new tab, KLA (KLAC.O), opens new tab and Applied Materials (AMAT.O), opens new tab, as well as non-U.S. companies like Dutch equipment maker ASM International (ASMI.AS), opens new tab.
Chinese companies facing new restrictions include nearly two dozen semiconductor companies, two investment companies and over 100 chipmaking tool makers.
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