The U.S. will launch its third crackdown in three years on China's semiconductor industry on Monday, restricting exports to 140 companies, including chip equipment maker Naura Technology Group, among other moves, according to two people familiar with the matter.
The effort to hobble Beijing's chipmaking ambitions will also hit Chinese chip toolmakers Piotech and SiCarrier Technology with new export restrictions as part of the package, which also takes aim at shipments of advanced memory chips and more chipmaking tools to China.
The move marks one of the Biden Administration's last large scale effort to stymie China's ability to access and produce chips that can help advance artificial intelligence for military applications or otherwise threaten U.S. national security.
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