US lawmakers are advocating for wider bans on chipmaking equipment sales to China following a report revealing $38 billion in purchases made by Chinese firms last year. The bipartisan investigation shows inconsistencies in allied export rules that allowed non-US manufacturers to sell to Chinese companies barred from US suppliers. The $38 billion accounts for nearly 39% of sales from major firms like Applied Materials and KLA, raising national security concerns about China's semiconductor competitiveness.
US lawmakers are advocating for wider bans on chipmaking equipment sales to China following a report revealing $38 billion in purchases made by Chinese firms last year. The bipartisan investigation shows inconsistencies in allied export rules that allowed non-US manufacturers to sell to Chinese companies barred from US suppliers. The $38 billion accounts for nearly 39% of sales from major firms like Applied Materials and KLA, raising national security concerns about China's semiconductor competitiveness.