China holds emergency talks with chip firms after U.S. curbs- Bloomberg News

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The ministry summoned executives from firms including Yangtze Memory Technologies Co and supercomputer specialist Dawning Information Industry Co to attend closed-door meetings, the report said.

This month the Biden administration passed a sweeping set of export controls aimed at slowing Beijing’s technological and military advances, including a measure to cut China off from certain semiconductor chips made anywhere in the world with U.S. tools.