In 2023, the biggest question on clients' minds
was the ramping up of U.S. export controls targeting semiconductors
and advanced computing.
In October, the U.S. Commerce Department unveiled new rules to
tighten further a sweeping set of export controls first introduced
a year previously, reducing the types of semiconductor
manufacturing equipment and advanced computing that companies can
sell to China.
In particular, the new rules expand the export restrictions
beyond mainland China and Macau to include 21 other countries on
which the United States maintains an arms embargo, including Iran
and Russia. Because U.S. export controls follow the item, both U.S.
persons and non-U.S. persons can incur liability for violations of
the rules.
