CAAM cautions Chinese automakers on US chip buying

In an effort to safeguard the stability and security of automotive supply chains, the state-backed China Association of Automobile Manufacturers (CAAM) has cautioned Chinese carmakers to be wary of sourcing integrated circuits from the United States, according to the statement released on Tuesday.

This move came after the U.S. Department of Commerce announced intensified semiconductor export controls on Monday, which added 140 Chinese companies to the Entity List and expanded restrictions on supplies of additional semiconductor equipment and high-bandwidth memory chips abroad. "The US's arbitrary changes to regulatory rules have severely disturbed the stable