export-controls

Washington has licensed Alibaba, Tencent, ByteDance, JD.com and distributors Lenovo and Foxconn to buy up to 75,000 H200s each. Not one chip has shipped — Beijing is pushing buyers toward Huawei.

China's Announcement 18 export controls on seven rare earth elements remain permanently active, disrupting defense supply chains and forcing the U.S. to accelerate a mine-to-magnet strategy still years from completion.

Beijing is mandating domestic sourcing for new fabs and racing to build an independent semiconductor equipment supply chain, with three Chinese firms now in the global top 20 and a prototype EUV machine reportedly under assembly.