In its earnings call last Friday, the Chinese company Semiconductor Manufacturing International Corporation (SMIC) announced that newly introduced U.S. export controls would affect its upcoming earnings.

Media reports indicate that the German government has blocked Chinese investments in two domestic semiconductor producers, based on concerns about national security, in particular the transfer of technological know-how.

A Republican Congressman who is active on China trade and tech issues is pushing the Biden administration on its implementation of the newly announced rules on export controls for semiconductors and supercomputers.

At a WTO meeting last week, China raised concerns about recent U.S. legislation involving industrial subsidies, and the United States pushed back.

Chinese local governments are rolling out new measures to attract investments in semiconductors and high-tech. It remains to be seen whether these incentives will be successful in promoting domestic technology, which has experienced bottlenecks after being cut off from U.S. technology and equipment. Furthermore, a focus on local

Five Republican Senators have sent a letter to President Biden "demanding he act quickly to prevent Huawei from building the Pengxinwei IC Manufacturing Company (PXW) semiconductor plant."

In a move that is in part due to political pressure, Apple has paused a plan to use chips from China's Yangtze Memory Technologies Co. (YMTC) in some of its iPhones.