The US government is working with allies and industry partners to strengthen controls on China's access to advanced technology, particularly in the chip and semiconductor sectors. This move aims to address concerns over Chinese companies' ability to acquire sensitive technology through mergers and acquisitions. The effort involves collaboration with countries like Japan and South Korea, as well as industry leaders. While some see this as a necessary step to protect national security interests, others argue it could harm economic ties with China.

Source: https://www.nytimes.com/2024/08/09/business/economy/china-us-chip-semiconductors.html