Complying With BIS's Advanced Computing And Semiconductor Manufacturing Rules – Knowledge, Due Diligence, And Technology Thresholds

U.S. industries supplying Chinese facilities with products, equipment, software, and technology used in semiconductor development and production are subject to regulatory controls under the Export Administration Regulations ("EAR"). New rules published by the Department of Commerce's Bureau of Industry and Security ("BIS") on October 13, 2022, 87 FR 62186, imposed additional license requirements regarding the export, reexport, or transfer of certain items, equipment, software, and technology to The People's Republic of China ("PRC" or "China"). The implementation of these rules is expected to be one of many measures taken by the Department of Commerce to strangle China's plans of becoming a world-stage manufacturer of semiconductors.