The development means that Chinese tech giant Alibaba will not be able to buy Arm’s latest Neoverse V series, as its advanced capacity is blocked by US and UK export controls

"American chip manufacturers have no problem with China as a customer," ASML CEO Peter Wennink said

Commerce ministry filed a complaint to the World Trade Organisation on Monday, but US the dismissed the move, saying its actions relate to national security

China plans a massive package to support its computer chip sector and will reportedly outlay over $143 billion over five years

The Biden administration aims to cut China off from certain semiconductor chips made anywhere in the world using US equipment

The move followed pushback from trade groups like the US Chamber of Commerce which argued the measures would not further US national security

Taiwan's TSMC plans to be able to deliver the advanced chips used in Apple's Macs, iPhones and iPads from its new Arizona super-plant by 2024.

TSMC announced on Tuesday it would more than triple its planned investment at its Arizona plant to $40 billion

The US President's visit follows the Taiwanese chipmaker’s move to more than triple its planned investment in the factory to $40 billion

China, which is reeling from punishing US tech sanctions, is exploring using graphene instead of silicon in microchips as it desperately attempts to match its global rivals

A dozen members of staff said they were in "disbelief" at UK ministers ordering China's Nexperia to sell its 86% stake in the plant and travelled to Westminister to protest at the decision

Plans for the new facility in Arizona are not completely finalised but it will produce advanced 3-nanometre chips, founder Morris Chang said on Monday. He plans to attend the launch.