Biden administration to expand restrictions on chip exports to China

The Biden administration will expand its limitations on U.S. shipments of semiconductors and chipmaking tools to China as it seeks to increase competition with the Asian superpower on innovation.

The Commerce Department intends to release new regulations in the next few months on chips, according to letters viewed by Reuters from KLA, Lam Research, and Applied Materials. The three companies were told they were forbidden from exporting chipmaking tools to Chinese factories unless they obtained Commerce Department licenses.