A U.S. Commerce Department official provided some details on the thought process behind the sweeping export control rules announced last Friday, reiterated the goal of "maintain[ing] as large of a lead as possible" on key technologies over China, and vowed to work with partner countries.

The U.S. government is ratcheting up its export controls on China, as it announced sweeping export restrictions that would curb China's ability to access or produce advanced chips and supercomputers.

At an event last Friday, a White House official offered some comments on the CHIPS Act and the outbound investment screening mechanism that has been in the news recently, both of which aim at maintaining U.S. technological advantages over China. The goal is to maintain an "absolute advantage&

Last week, two Republican members of Congress introduced legislation that would impose sanctions on Yangtze Memory Technologies Co. (YMTC) and other Chinese chipmakers.

During a recent visit to South Korea, a top Chinese legislator reiterated his hope for strengthening the bilateral relationship, especially in high-tech and supply chains.  So far the rhetoric on both sides has been positive, but whether anything concrete will materialize remains to be seen as South Korea is under

Recent news reports indicate that Apple will be using some chips from Chinese company Yangtze Memory Technologies Corporation (YMTC) for its new iPhone, leading to criticism from U.S. lawmakers.

Commerce Secretary Gina Raimondo offered some comments yesterday on the implementation of the CHIPS Act's subsidies to semiconductor companies and how restrictions on investing in China might be applied.