President Joe Biden's administration is further restricting China's access to U.S. computer chips. His commerce department will require more restrictive licensing for shipments.
8VC managing partner Joe Lonsdale weighs in on reports that the White House is considering an executive order to screen U.S. overseas investments involving tech development in China.with new restrictions on shipments of semiconductors to China next month.Nvidia Corp
The final letters may include additional actions against China, according to Reuters. The Commerce Department resorts to such letters as a means of getting around the formal regulation process, but in such cases, the changes only affect companies directly contacted by the department. The Biden administration is tightening its grip on semiconductors as China continues to distance itself from the Western coalition. Chinese leader Xi Jinping is facing staunch criticism for his increasingly aggressive actions toward Taiwan.
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