The U.S. has sharpened its assault on China’s technology industry with a flurry of export bans and stifling restrictions on companies, an escalation that leaves Beijing with few options to retaliate.
Washington’s moves are part of a longer-term strategy to prevent China from dominating the industries of the future and arming its military with advanced weaponry, while also securing its tech supply chain by enticing chipmakers to set up shop in the U.S..
President Joe Biden’s administration this week escalated those efforts to hobble its main geopolitical competitor, blacklisting dozens of Chinese tech firms, while signs emerged Japan and the Netherlands are aligning with U.S. restrictions on selling crucial chipmaking equipment to China, a major blow to Beijing’s ambitions to produce advanced semiconductors.