US Seeks to Limit China's Semiconductor and AI Access Over National Security Concerns
• US Commerce Secretary warns China is the "biggest threat" to US and seeks to restrict their access to semiconductors and advanced technologies
• New export controls placed on sending advanced AI chips to China to prevent military development
• Argues protecting national security more important than business revenue losses from such export restrictions
• Calls for more funding and tighter export controls working with allies to stay ahead of China technically
• Says US private sector leads in semiconductors and AI, and must not let China catch up in these critical areas