The U.S. is set to launch its third wave of restrictions targeting China's semiconductor industry, implementing curbs on exports to 140 Chinese companies. The Biden administration’s initiative will limit China’s access to advanced chips,

The United States announced new export restrictions Monday targeting China's ability to make advanced semiconductors, drawing swift condemnation from Beijing as competition deepens between the world's two biggest economies.

The United States is set to implement its third major crackdown on China’s semiconductor industry in as many years, introducing a new package of export restrictions on Monday. This move will target 140 companies,