US seeks transparency on chip exports to China amid security concerns

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US seeks transparency on chip exports to China amid security concerns - Business Standard

Quick Summary:

These include questions on total revenue from PRC transactions, revenue from sales subject to U.S.export licenses, and details about transactions with entities on U.S.sanctions lists.

They also seek information on revenue from PRC government-affiliated entities, distributors outside China and the company's top PRC distributors if their revenue exceeds 1 per cent of total revenue.

In the letters, Moolenaar and Krishnamoorthi express concern over the increasing sales of SMEs to China, which they say could provide a significant advantage to the People's Liberation Army (PLA) in the development of advanced semiconductors.