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The Biden administration unveiled tight restrictions on new operations in China by semiconductor manufacturers that get federal funds to build in the U.S.

Applied Materials Inc., the biggest maker of chip manufacturing equipment, gave a better-than-feared sales forecast for the current quarter as supply chain improvements help offset an economic slowdown.

Chip delivery times shrank by six days in October, the biggest drop since 2016, adding evidence that demand for electronic components is falling off quickly.

Texas Instruments Inc., whose chips go into everything from home appliances to missiles, gave a weak sales forecast for the current quarter, indicating that the falloff in semiconductor demand is spreading beyond computing and phones.

Chip delivery times shrank by four days in September, the biggest drop in years, in a sign that the industry’s supply crunch is easing.

American suppliers are beginning to withdraw staff from one of China’s leading chip companies in the wake of new U.S. regulations, a blow to Communist Party efforts to build a vibrant domestic technology industry.

The Biden administration announced new restrictions on China’s access to U.S. semiconductor technology, escalating tensions between the two countries and adding fresh complications to an industry reeling from a slump in demand.

POUGHKEEPSIE, N.Y. — President Joe Biden predicted Oct. 6 a $20 billion investment by IBM in New York’s Hudson River Valley will help give the United States a technological edge against China, hailing the expansion during an appearance with two House Democrats in competitive races in next month’s critical elections.

Europe’s biggest truckmakers are stockpiling natural gas and preparing to shift to alternative fuels amid the threat of a winter shortage as Russia continues to cut off pipelines to the continent.

MEXICO CITY — Mexico and the United States plan to take advantage of the Biden administration’s massive investment in semiconductor production to push the integration of their supply chains and cooperate on expanding the production of electric vehicles through Mexico’s nationalized lithium industry, officials from both countries said Sept. 12.