The Biden administration is set to announce restrictions on exports of semiconductor chips and chipmaking equipment to China.

The export of memory chips used in AI applications is restricted, but a delayed announcement gave Chinese companies the chance to stock up.

The US has introduced export restrictions to 140 Chinese semiconductor companies to curb the growth of its AI industry.

On Monday, the outgoing Biden administration will implement its third crackdown on China’s semiconductor industry within three years, citing the same national security threats as reasons it mentioned for its prior sanctions,

Sweeping rules target Chinese access to US-origin and foreign-made products using high-bandwidth memory technologies.