Tagged With "overnight"
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The controls caused the “complete collapse” of China’s semiconductor industry overnight, according to one expert.
China’s semiconductor industry has been rocked by the mass resignation of American workers after new restrictions were announced by US President Joe Biden’s administration. The export controls, which the US said was needed to “protect US national security and foreign policy interests”, restrict the ability of China to “purchase and manufacture certain high-end chips used in military applications”. The restrictions ban the export of US semiconductor equipment that cannot be provided by any...