Samsung makes about 40% of its NAND flash chips at its plant in Xian, China, while SK Hynix makes about 40% of its DRAM chips in Wuxi

In order to meet the demands of the rapidly developing AI industry, Beijing also plans to improve computational infrastructure in western China

The Biden administration says its restrictions keep high-end technology out of the hands of SMIC but some lawmakers say the firm still has lofty ambitions

The Commerce Department says the listed entities supplied US-origin integrated circuits to Moscow’s military

The lawmakers say Beijing is taking advantage of RISC-V’s culture of collaboration to advance its own semiconductor industry

US Senate leader Chuck Schumer’s bipartisan congressional delegation hopes to meet Chinese President Xi Jinping, ahead of visits to South Korea and Japan

The updated chip export rules are expected to add restrictions and close loopholes in those unveiled late last year, which angered Beijing and strained relations with Washington

Taiwan is investigating four firms accused of conducting business with companies linked to US-sanctioned Huawei in China, saying it will soon unveil tighter rules on 'key technologies'

Geopolitical tension, war in Ukraine, climate change, security concerns and surging inflation have eroded faith in globalisation and respect for global trade rules among world powers

US officials have forewarned Beijing, in a bid to stabilize tense ties with China, that the Commerce Ministry is working on an update of chip export controls imposed by the US last year

The move by major companies to reduce production in China has boosted inflation, but the western shift to 'friendly shores' has been positive for countries like India and Vietnam

The extension would mark an end to business uncertainty for South Korea’s Samsung Electronics and SK Hynix who have invested billions in their chip fabs in China