[News] Biden Reportedly to Unveil New China Export Rules This Week, Affecting 200 Chinese Chip Firms

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According to a report from World Journal, citing Reuters, the U.S. Chamber of Commerce stated in an email to its members on November 21 that the Biden administration is expected to announce new export restrictions targeting China as early as this week. The report notes that these measures could potentially impact up to 200 Chinese chip companies, limiting their import of U.S. goods.

The Commerce Department, responsible for U.S. export policy, intends to release the new regulations “before the Thanksgiving holiday” this Thursday, according to the email cited by the Reuters report.

The email further indicated, as highlighted in the Reuters report, that another set of rules restricting the export of high-bandwidth memory chips to China is anticipated to be revealed next month. Additionally, citing sources, the report mentions that these regulatory measures might also include limitations on exporting chip manufacturing tools to China.

The report from the Reuters notes that the Chamber of Commerce declined to comment on the matter.

These potential new rules underscore a broader effort by the U.S. to constrain China’s access to advanced technologies. As noted in the report, these actions reflect the U.S.’s growing concerns that such technologies could bolster China’s military capabilities. In this context, the Biden administration has been implementing a series of export controls aimed at hindering China’s technological advancement.

Even as Trump begins his second term in January, the Biden administration remains steadfast in its efforts to block China’s acquisition of semiconductor-related technologies, as noted by the Reuters.

According to the report from World Journal, in August 2022, President Biden signed the much-anticipated CHIPS Act, a landmark initiative aimed at encouraging semiconductor manufacturers to establish operations in the U.S. and expand domestic chip production capacity.

This effort was followed in October 2022 by more comprehensive restrictions, which prohibited the export of advanced chips made with U.S. equipment and technology to China, as the report indicates.

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