China’s judicial system has stepped into a high-stakes legal battle over global semiconductor supply chains, freezing up to $300 million in domestic assets belonging to Dutch chipmaker Nexperia.

On August 21, the National Development and Reform Commission (NDRC) released the Draft Measures for Overseas Investment Management to implement the new regulations governing outbound investment. Replacing the 2017 framework, the draft implements a recent regulation to create stronger protections for Chinese overseas interests.

In a legal opinion issued last week, the U.S. Department of Justice declared that as a result of the change in ownership of the U.S. version of the TikTok app, a 2022 law banning TikTok on government devices no longer applies.

Top Chinese and Dutch trade officials met in Beijing on Tuesday to ease escalating technology tensions and signal progress toward resolving ongoing semiconductor and investment frictions.

Last week, Chinese e-commerce giant Alibaba and its U.S. payment processor agreed to pay $600 million to settle U.S. government allegations that they let merchants use their platforms to smuggle illegal pharmaceuticals and pill presses into the United States.

New legislation introduced in both the U.S. House and Senate would establish an oversight body to scrutinize any Chinese investment made pursuant to a proposed U.S.-China Board of Investment.

Chinese-linked automaker Polestar has announced that it was not granted authorization by the U.S. Department of Commerce to sell "connected vehicles" in the United States, and therefore would be leaving the U.S. market as of the 2027 model year.