This amounted to 39 percent of their aggregate revenue, the report noted. <\/p>\n
<\/div>\n
\u201cThey are growing their profits at the expense of U.S. national security,\u201d committee Chair John Moolenaar (R-Mich.) said in a statement. \u201cWe must not allow this critical equipment to be handed over to our foremost adversary, or America could lose the technology arms race.\u201d\u00a0<\/p>\n
The panel\u2019s\u00a0report called for \u201cdramatically\u201d expanding countrywide bans and licensing requirements on the chipmaking tools, suggesting that entity-based export controls have fallen short.\u00a0<\/p>\n
The lawmakers also argued for greater alignment between the U.S. and its allies on export controls. The report found that non-U.S. toolmakers, like ASML and Tokyo Electron, were less constrained than their American peers. <\/p>\n
If necessary, the report suggested the U.S. expand its use of the foreign direct product rule, which extends export controls to certain foreign-made products that rely on U.S. technology, to block sales in allied countries. <\/p>\n
\u201cIt makes little sense to sell the CCP the chips they need to modernize their military and violate human rights,\u201d Rep. Raja Krishnamoorthi (D-Ill.), ranking member of the House Select Committee on the Chinese Communist Party (CCP), said in a statement.\u00a0<\/p>\n
\u201cBut it makes even less sense to sell them the machines and tools they need to produce those chips themselves,\u201d he continued. <\/p>\n
The report comes amid debate in Washington over the best way to outcompete China on artificial intelligence, with chips at the center of this conversation.\u00a0<\/p>\n
The Trump administration faced backlash from both sides of the aisle this summer, when it allowed Nvidia and AMD to resume sales of some advanced chips to China. In turn, the chipmakers agreed to turn over 15 percent of their revenue from these sales to the U.S. government. <\/p>\n","protected":false},"excerpt":{"rendered":"
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