On its way out of the door, the Biden administration has thrown what one official has characterized as a “grenade over your shoulder as you exit the room.” The long-awaited export controls it released on December 2 are a major escalation in the ongoing U.S.-China technology competition, and in the U.S. government’s attempt to slow down China’s efforts to develop an indigenous capability to manufacture advanced semiconductor nodes.  An excerpt from the Bureau of Industry and Secur