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China is retaliating against the latest chip sanctions by the US, banning exports of rare minerals to the US that are vital to semiconductor production.
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China is taking a new approach to its efforts to work around the West's growing export restrictions on semiconductor tech, going straight to the source and hiring engineers.
The US Commerce Department is preparing to expand its export restrictions to additional Chinese chip firms, reportedly adding as many as 200 companies to its restricted list.
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The corporate law, part of China's broader strategy to strengthen its influence over foreign companies, could give Beijing unprecedented access to sensitive information held by U.S. corporations. According to sources familiar with the matter, these “representatives” are likely to have strong ties to Chinese authorities or even be active CCP members. This setup has sparked concern over intellectual property theft, surveillance, and coercion of employees.
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