## Introduction The U.S. government has announced today that it has approved annual export licenses for the shipment of chipmaking equipment to their manufacturing facilities in China through 2026. The decision was made by the Department of Commerce, which established a new system of annual authorizations for the export of advanced technologies. This replaces the dated waiver system that was criticized for being too rigid. ## Technical context Chip production is a strategic sector for the U.S., as it represents an important source of revenue and innovation. However, China has also developed its capabilities in this field. The equipment for chip production are essential to ensure national security and promote technological innovation. These tools allow companies to develop and produce advanced electronic components, such as processors and memory. ## Implications The decision by the U.S. government has significant implications for companies operating in the advanced technologies sector. Annual export licenses will be required for the shipment of chipmaking equipment to China, which could increase costs and complexity for operating in the Chinese market. However, the shift may also represent an opportunity for companies to develop new commercial relationships and promote technological innovation in China.