12:32 PM EST, 12/02/2024 (MT Newswires) -- The US Department of Commerce's Bureau of Industry and Security announced Monday new export controls that are intended to further hinder China's capability to produce advanced-node semiconductors for military applications and artificial intelligence.

Applied Materials ( AMAT ) will be among a number of semiconductor toolmakers that are likely to get hurt by the new regulations, Reuters reported the same day.

The new controls cover 24 types of semiconductor manufacturing equipment, three types of software tools, and high-bandwidth memory that is critical to AI training, according to the Bureau of Industry and Security.

The agency also said 140 entities were added to the entity list, which requires US suppliers to obtain a special license before shipping to those on the list. The agency also said there are 14 modifications for companies covered by the new rules, including tool manufacturers, semiconductor fabs, and investment companies involved in China's military modernization.

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