It also stops the sale of chipmaking equipment and the migration of highly skilled staff to operate them.Īfter the sanctions were introduced in October last year, many semiconductor companies lost a combined total of around $240 billion of stock value almost overnight.Ĭhina uses around 75% of the global supply, while they only produce 15% the world’s chips.
The export controls stop the sales of new semiconductor technology to China. The sanctions, introduced by the Biden administration on October 7 2022, prevents US businesses selling products or services to Chinese semiconductor manufacturers. Following the introduction of strict export controls in 2022, China and the US may both struggle to operate normally.
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