Opinion | Biden Just Clobbered China’s Chip Industry - The New York Times

"That's why I have been so impressed with the aggressive and creative way the Biden administration has gone about curtailing China's alarming, decades-long effort to build a domestic semiconductor industry that's independent from the rest of the world. This month, the Commerce Department announced a set of restrictions that prevent China from getting much of what it needs to establish a commanding position in the chip business. The government said the rules were meant to block "sensitive technologies with military applications" from being acquired by China's military and security services. With few exceptions, the sanctions prohibit China from buying the best American chips and the machines to build them, and even from hiring Americans to work on them. Analysts I spoke to said the rules will devastate China's domestic chip industry, potentially setting it back decades..."

https://www.nytimes.com/2022/10/20/opinion/biden-china-semiconductor-chip.html