US semiconductor companies are lobbying against export controls

"A year after the Biden administration took its first major step toward restricting the sale of semiconductors to China, it has begun drafting additional limits aimed at denying Beijing the technology critical to modern-day weapons. But in recent months, its progress has been slowed as American chip companies have pushed back with a blunt warning: Cutting sales to China would gut their businesses and derail the administration’s plan to build new semiconductor factories in the United States."

See the New York Times for more.

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