ITIF: Restrictions on semiconductor sales to China carry heavy price tag for U.S.

A report by the Information Technology and Innovation Foundation says tightening controls on AI chip sales to China would damage U.S. semiconductor companies and boomerang against the United States’ efforts to slow China’s artificial intelligence advances.

“If U.S. chipmakers were completely cut off from selling into the Chinese market due to export controls, they would stand to lose $77 billion in the first year,” ITIF said in a Nov. 10 release flagging its new report on the risks of...