Semiconductor toolmakers, including Lam Research (LRCX), KLA Corporation (KLAC), and Applied Materials (AMAT), are confronting challenges as the United States implements new export restrictions targeting China's artificial intelligence development.

According to Reuters, the US government has announced export controls limiting access to 24 specific chipmaking tools. These restrictions aim to slow China's technological advancement in artificial intelligence by constraining its ability to manufacture advanced semiconductors.

Catalysts Anchors Seana Smith and Madison Mills break down the details.

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This post was written by Angel Smith