U.S. to further tighten chip gear export to China restrictions, Bloomberg says

The Biden administration is working to further tighten U.S. restrictions on the export of semiconductor manufacturing equipment to China, Bloomberg’s Jenny Leonard and Ian King report, citing people familiar with the situation. The White House has briefed U.S. companies about the plan, informing them that it anticipates announcing the new rules as soon as next month, the authors say. Publicly traded companies in the space include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), Nvidia (NVDA), Qualcomm (QCOM), Texas Instruments (TXN), Applied Materials (AMAT) and Lam Research (LRCX). Reference Link