U.S. Secretary of Commerce Gina Raimondo said Monday that the new export controls were the “culmination of the Biden-Harris Administration’s targeted approach to impair the PRC’s ability to indigenize the production of advanced technologies that pose a risk to our national security.” In addition to the entities added, the latest U.S. restrictions include new controls on 24 types of manufacturing equipment and three types of software tools used for developing semiconductors. Last month, the effectiveness of U.S. chip restrictions had been thrown into question when it was reported that a chip made by TSMC had been found in a Huawei product. The latest export restrictions include a new “red flag guidance” to address compliance concerns, and several “critical regulatory changes” to enhance the effectiveness of existing controls. In this article ZE371-CN -12.79 (-3.03%) 2330-TW +