China Drafts Own Chip Export Controls; Huang Called U.S. Rules a Failure

China has proposed export controls on its own advanced chip designs, covering AI processors at 14nm or below, DRAM at 18nm or below, advanced 3D NAND designs, and interconnects for AI clusters with more than 10,000 accelerators. The proposal is open for public comment through mid-November 2026. This comes alongside Nvidia CEO Jensen Huang's public criticism of U.S. chip export restrictions as a failure that cut Nvidia's China market share from 95% to 50% while spurring China to develop its own chips faster. Huang argued the restrictions harm American business more than they harm China. The White House scrapped the Biden-era tiered AI Diffusion Rule and said it would issue a replacement. China's Commerce Ministry separately called U.S. chip policy overreaching and bullying.