US cracks down on chip export violations as China stockpiles ASML tools
A tech CEO was arrested for allegedly smuggling about $300 million worth of Nvidia chips into China in violation of export controls. Separately, reports say China has accumulated hundreds of ASML lithography machines, prompting US officials to call for a complete export ban.
Why it matters & sources
Why it matters: The cases highlight escalating US efforts to restrict China's access to advanced chipmaking technology and the tools used to produce it.
Sources: arstechnica.com · scmp.com