October 17, 2023 07:02 pm | Updated 07:02 pm IST - WashingtonThe U.S. Commerce Department on Tuesday (October 17) updated and broadened its export controls to stop China from acquiring advanced computer chips and the equipment to manufacture them. The updates also introduce new requirements that make it more difficult for China to manufacture advanced chips abroad. The list of manufacturing equipment that falls under the export controls has also been expanded, among other changes to the policy. In an August meeting, Ms. Raimondo and her Chinese counterparts agreed to exchange information about the export controls. The two leaders met last year following the Group of 20 summit in Bali, Indonesia, shortly after the export controls were announced.

Source: The Hindu October 18, 2023 08:37 UTC