US Official Warns China of Impending Export Restrictions in October

The Biden administration has warned China that it plans to update export restrictions on AI chips and chipmaking tools as early as October, in an effort to stabilize relations between the two countries. The update aims to align with new Dutch and Japanese rules and close loopholes in export restrictions on AI chips. The US has been providing China with advance notice of the rules as part of its broader efforts to improve relations. The Biden administration is hoping to secure Chinese President Xi Jinping's attendance at the APEC summit in November, which has influenced the timing of the release of the updated export rules. However, the technical work to finalize the restrictions is not yet complete.