China’s Review of Semiconductor Transactions

Since the start of U.S.-China trade war in 2018, semiconductor companies found themselves in the center of crossfire in this smokeless war. As the U.S. government attempts to restrict China’s access to the most advanced semiconductor equipment and technologies through long-arm export control regulations (“EAR”), the Chinese government also looked into its policy toolbox for chances of intervention and retaliation. While it is no secret that industrial policies play an important role in Chi