US plans new restrictions on China's AI memory chip access

The US is considering new restrictions on China's access to AI memory chips, including HBM2, HBM3, and HBM3E, from companies like Micron and SK Hynix. The proposed rule, part of the Foreign Direct Product rule, aims to limit exports to Chinese semiconductor fabs. The US plans to add around 120 Chinese entities to its restricted trade list, with a draft expected next month.