What does Washington’s latest AI chip guidance mean for Chinese tech firms?

China’s Ministry of Commerce has lashed out at Washington’s latest guidance on advanced artificial intelligence chip exports, accusing the United States of abusing export controls and disrupting the global semiconductor supply chain.

But trade lawyers and industry insiders said the actual fallout over the new document could be far more limited than the geopolitical fireworks suggest.

The US Bureau of Industry and Security (BIS) issued guidance on May 31, stating licences would be required to...