A Chinese flag is displayed next to a "Made in China" sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. Florence Lo | ReutersThe U.S. will launch its third crackdown in three years on China's semiconductor industry on Monday, restricting exports to 140 companies including chip equipment maker Naura Technology Group , among other moves, according to two people familiar with the matter. Among Chinese companies facing new restrictions are nearly two dozen semiconductor companies, two investment companies and over 100 chipmaking tool makers, the sources said. However, it remains years behind chip industry leaders like Nvidia in AI chips and chip equipment maker ASML in the Netherlands. For the first time, the U.S. will add two companies that make investments in chips to the entity list.

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Persons: Florence Lo, Beijing's, Biden, Donald Trump, Lam Organizations: Reuters, U.S, Naura Technology, SiCarrier Technology, Republican, Lam Research, ASM International, Swaysure Technology Co, Qingdao SiEn, Shenzhen Pensun Technology, China's Huawei Technologies, Semiconductor Manufacturing, Capital, Wingtech Technology, Companies Locations: China, U.S, Singapore, Malaysia, Qingdao, Shenzhen, Netherlands, Israel, Taiwan, South Korea, Japan