Official statements from governments or major news outlets

Biden, Commerce Dept. Target Chip Exports to China

Dec 2, 2024, 01:20 PM

The Biden administration, through the Commerce Department, has implemented a new crackdown on semiconductor exports to China, marking a significant escalation in the ongoing technology and trade tensions between the two nations. This move comes as President Joe Biden prepares to leave office ahead of Donald Trump’s second term. The restrictions target advanced chips critical to artificial intelligence and other high-tech industries, aiming to curb China’s technological advancements. The policy reflects the broader U.S. strategy to maintain its competitive edge in emerging technologies while addressing national security concerns.