During a speech today, Chinese President Xi Jinping stressed a nationwide effort to make breakthroughs in key technologies.

The U.S. government crackdown on the export of advanced technology to China continues, with new actions on a specific type of semiconductor produced by U.S. chipmakers NVIDIA and AMD.

A Toronto and London-based company with ties to China that licenses its technology to chipmakers received regulatory clearance from the Committee on Foreign Investment in the United States (CFIUS) to acquire a U.S.-based semiconductor IP developer.

Last week, the UK Secretary of State for Business, Energy and Industrial Strategy, Kwasi Kwarteng, issued an order that prevents the acquisition of a UK electronic design firm by a Hong Kong company, on the basis that it "is necessary and proportionate to mitigate the risk to national security.

U.S. export control officials added four emerging technologies to the control list through an interim final rule, the latest move that will create hurdles for the Chinese semiconductor industry.

As President Biden signed the CHIPS Act of 2022 yesterday, Chinese government officials and trade associations expressed their opposition to specific aspects of the law, calling it an example of "US’s practice of economic coercion" and raising questions as to whether it is consistent with WTO rules.

U.S. legislation to subsidize semiconductor production has passed the Senate, and will now go the House. A key provision imposes limits on production in China for subsidy recipients.