Two sources said briefings were expected on Monday, with the announcement on Tuesday, while a former official said the US should be prepared for retaliation by Beijing

The deals follow the introduction of the US's Inflation Reduction Act, designed to wean the US off the Chinese supply chain for electric vehicles

Passed by an overwhelming majority in the senate, the bill will need the backing of the US House of Representatives and President Joe Biden before it can become law

The chip industry is keen to protect its profits in China as the Biden administration considers another round of restrictions on chip exports to the world's second-largest economy

China's embassy in London said the accusation was "disinformation" and called the US government "the world's biggest hacking empire and global cyber thief"

The US treasury secretary said she also told Chinese officials they could raise concerns about US actions, and that Washington might "respond to unintended consequences" of its restrictions

The US sanctions-hit tech giant said it aims to help clients build and train their artificial intelligence (AI) models with its homegrown processors and framework

China’s economic czar He Lifeng made the comments in a meeting with Janet Yellen, which saw the US treasury secretary double down on chip sanctions, while also urging 'direct' communication

About a dozen Chinese firms, including Tencent Music Entertainment Group, Didi Global and NetEase, are likely to be inspected in a fresh round of routine checks

Firms across the globe are scrambling to assess the impact on supply chains from restrictions China announced this week, with a focus on finding alternatives for key components

The restriction is aimed at closing a crucial loophole in the export controls the US implemented in October that allowed Chinese AI firms to access high-end chips through the cloud

The rules, set to come into effect on September 1, will require Dutch companies that make advanced chipmaking equipment to seek a licence before they can export it