China brings WTO case against U.S. and its sweeping chip export curbs as tech tensions escalate

China brings WTO case against U.S. and its sweeping chip export curbs as tech tensions escalate

China initiated a dispute against the U.S. at the World Trade Organization over Washington’s sweeping semiconductor export curbs that look to cut the world’s second-largest economy off from high-tech components.

In October, the U.S. introduced rules that restricted chips made using American tools from being exported to China as well as any semiconductors designed for artificial intelligence applications. The move has effectively kneecapped China’s semiconductor industry.

Read more at CNBC News