New Delhi, Feb. 17 -- Starting in October 2022, the late lamented (by some) administration of President Joe Biden implemented restrictions on US exports of advanced semiconductors to China.

A classic 'dual use' technology, these chips power Generative AI and supercomputers used in weapon systems, cyberattacks and surveillance. Equally, they can enhance the ability of companies to compete internationally-in this case, the ability of China's high-tech firms to compete with their American rivals.

In its final months, the Biden administration doubled down on these restrictions, adding high-bandwidth memory chips and chip-making tools to the list of prohibited items. Donald Trump's administration, dominated by China hawks, is poised to ramp ...