China’s Ministry of Industry and Information Technology held a series of urgent meetings with top semiconductor businesses over the course of the previous week in an effort to assess the harm caused by the U.S. chip limitations.
According to the report, the ministry called executives from companies including Dawning Information Industry Co., a supercomputer expert, and Yangtze Memory Technologies Co. to attend talks behind closed doors.
The Biden administration passed a comprehensive set of export controls this month with the goal of slowing Beijing’s technological and military advancements. Among these controls is one that will prevent China from obtaining certain semiconductor chips produced anywhere in the world using American equipment.
