U.S. Chip Curbs Threaten China’s Emerging Manufacturers
The rules unveiled Friday by the Commerce Department require a license for U.S. companies to export advanced chips and chip-making equipment key to China’s technological goals, vastly expanding on existing rules restricting the export of advanced technologies to China. The rules cover the export of chip-manufacturing equipment used to make advanced memory chips—widely used in smartphones, personal computers, data servers and other everyday devices. They also cover equipment used to make basic computing chips used in…