"We cannot allow Chinese companies beholden to the Communist Party into our telecommunications networks and millions of Americans’ iPhones,” Senator Marco Rubio said.

The ban aims to prevent US semiconductor technology from falling into Chinese hands, US Commerce Secretary Gina Raimondo said

Hynix’s parent, the SK Group, also recently announced plans to build a chip packaging facility in the United States

Top universities and research institutes in China have been spending large sums on advanced US computer chips designed by Nvidia to power artificial intelligence research work.

Chinese tech chiefs at the World Artificial Intelligence Conference in Shanghai are said to be looking at speeding up their own AI chip development programme

Foreign investors are lining up to capitalise on the opportunity, with new plants planned in Tamil Nadu and Bangalore, the Financial Times said.

World's largest contract chipmaker TSMC is building a $12 billion semiconductor plant in US state of Arizona

Market watchers say the latest ban is likely to affect a swathe of Chinese tech companies including giants such as Alibaba Group, Tencent Holdings, Baidu, and Huawei Technologies.

US officials tell California chip designer to stop exporting two top chips to China used for artificial intelligence, machine learning, satellite imagery and other purposes

The new foundry will be run as a subsidiary of SMIC in cooperation with the government of Tianjin's Xiqing district. It will have an initial capital of $5 billion, a notice said on Friday

Indiana Governor Eric Holcomb is making the third trip to Taiwan this month by a U.S. delegation after U.S. House Speaker Nancy Pelosi's earlier visit infuriated China.

The decision to stop the buyout is the UK's latest move to protect its technological edge from Chinese ownership, The Guardian reported.