Recent news reports indicate that Apple will be using some chips from Chinese company Yangtze Memory Technologies Corporation (YMTC) for its new iPhone, leading to criticism from U.S. lawmakers.

Commerce Secretary Gina Raimondo offered some comments yesterday on the implementation of the CHIPS Act's subsidies to semiconductor companies and how restrictions on investing in China might be applied.

During a speech today, Chinese President Xi Jinping stressed a nationwide effort to make breakthroughs in key technologies.

The U.S. government crackdown on the export of advanced technology to China continues, with new actions on a specific type of semiconductor produced by U.S. chipmakers NVIDIA and AMD.

A Toronto and London-based company with ties to China that licenses its technology to chipmakers received regulatory clearance from the Committee on Foreign Investment in the United States (CFIUS) to acquire a U.S.-based semiconductor IP developer.

Last week, the UK Secretary of State for Business, Energy and Industrial Strategy, Kwasi Kwarteng, issued an order that prevents the acquisition of a UK electronic design firm by a Hong Kong company, on the basis that it "is necessary and proportionate to mitigate the risk to national security.

U.S. export control officials added four emerging technologies to the control list through an interim final rule, the latest move that will create hurdles for the Chinese semiconductor industry.