Biden takes a last aim at China’s hi-tech ambitions with new chip restrictions

Biden takes a last aim at China’s hi-tech ambitions with new chip restrictions

Washington has unveiled sweeping new regulations aimed at curbing China’s ability to develop advanced semiconductors critical to military technologies, artificial intelligence, and hi-tech weaponry. The measures, announced on Monday by the Commerce Department’s Bureau of Industry and Security, impose export restrictions on 24 types of chipmaking equipment and three categories of software essential for semiconductor…

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Micron stock soars 16% as AI powers Q4 earnings beat

Micron stock soars 16% as AI powers Q4 earnings beat

Illustration: FeatureChina (AP) In This Story Global chip stocks rallied after U.S.-based Micron’s (MU) revenue forecast topped Wall Street’s expectations. Investors should hope for a divided Congress, strategist says Micron shares were up over 18% in pre-market trading on Thursday morning, then stayed up around 17% after the market open. Micron’s earnings report boosted global…

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