The US has added dozens of firms to its trade blacklist in a bid to curb China's military, human rights abuses, and block suppliers of the Russian military

YMTC is likely to be added to the US Commerce Department's 'Entity List', which bars American firms from selling technology to companies unless they get an export licence, sources have said

With China’s tech industry under pressure, Washington is worried Beijing may turn to a tactic it used in the solar panel and 5G telecom industries

The development means that Chinese tech giant Alibaba will not be able to buy Arm’s latest Neoverse V series, as its advanced capacity is blocked by US and UK export controls

"American chip manufacturers have no problem with China as a customer," ASML CEO Peter Wennink said

Commerce ministry filed a complaint to the World Trade Organisation on Monday, but US the dismissed the move, saying its actions relate to national security

China plans a massive package to support its computer chip sector and will reportedly outlay over $143 billion over five years

The Biden administration aims to cut China off from certain semiconductor chips made anywhere in the world using US equipment

The move followed pushback from trade groups like the US Chamber of Commerce which argued the measures would not further US national security

Taiwan's TSMC plans to be able to deliver the advanced chips used in Apple's Macs, iPhones and iPads from its new Arizona super-plant by 2024.

TSMC announced on Tuesday it would more than triple its planned investment at its Arizona plant to $40 billion

The US President's visit follows the Taiwanese chipmaker’s move to more than triple its planned investment in the factory to $40 billion