- Bloomberg News reported on Thursday that China’s Ministry of Industry and Information Technology held emergency talks with leading semiconductor businesses over the past week to analyse the harm from U.S. chip restrictions.
- The article stated the ministry invited officials from Yangtze Memory Technologies Co and supercomputer expert Dawning Information Industry Co to closed-door sessions.
- The Biden administration imposed extensive export limits last month to halt Beijing’s scientific and military progress, including a step to shut China off from specific semiconductor chips created anywhere in the world with U.S. tools.
