China's Ministry of Commerce said it would immediately halt exports to the US of materials that could be used for both civilian and military purposes.

New rules significantly expand restrictions on selling China chip technology, but critics say they also contain carve-outs that are favorable to industry.

According to the Commerce Department’s Bureau of Industry and Security, the new export controls will see over 100 Chinese chipmaking tool manufacturers placed on a restricted trade list, which will prohibit U.S. firms from sending them equipment without permission from the U.S. government.