Taiwan is imposing new export restrictions on Huawei Technologies and Semiconductor Manufacturing International Corp. (SMIC), dealing a major blow to communist China’s ambition to advance its domestic chipmaking industry and challenge global leaders like Nvidia.
On June 15, Taiwan’s International Trade Administration said it has updated its Strategic High-Tech Commodities Entity List to include Huawei and SMIC, the two companies spearheading the Chinese regime’s efforts to develop high-end chips needed for artificial intelligence (AI) technologies.