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China Dodges US Export Controls, Buys $38 Billion In Chipmaking Equipment, Congress Report Says
Yahoo Finance·2025-10-09 11:31

China bought about $38 billion worth of sophisticated chimaking equipment from the U.S. and its allies last year due to gaps in efforts to curb manufacturing, a bipartisan report by U.S. lawmakers has found. Inconsistencies In Rules Allow Sales The Donald Trump-led U.S. government has tried to restrict China’s ability to make advanced microchips. But, inconsistencies in rules issued by the U.S., Japan, and the Netherlands have led to non-U.S. equipment makers selling to some Chinese firms that U.S. comp ...