China's chip industry faces fresh hurdles from new US export rules

China's chip industry faces fresh hurdles from new US export rules

FILE PHOTO - Hi1710 BMC management chip is seen on a Kunpeng 920 chipset designed by Huawei's Hisilicon subsidiary is on display at Huawei's headquarters in Shenzhen, Guangdong province, China May 29, 2019. Picture taken May 29, 2019. REUTERS/Jason Lee

The Biden administration published a sweeping set of export controls on Friday, including a measure to cut China off from certain semiconductor chips made anywhere in the world with U.S. equipment, vastly expanding its reach in its bid to slow Beijing’s technological and military advances.

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