This is the best summary I could come up with:

China has hit back at the Biden administration’s decision to impose new restrictions on advanced chip exports.

America said the measures were designed to prevent China from receiving cutting-edge technologies that it could use to strengthen its military, especially in the field of artificial intelligence (AI).

The Biden administration has denied it was trying to hurt China economically, but Beijing’s foreign ministry branded the move “forced de-coupling for political purposes”.

US chip stocks have also seen falls as the curbs also hit American firms Advanced Micro Devices and Intel.

Nvidia has said in a filing that the new export restrictions will block sales of two high-end artificial intelligence chips it created for the Chinese market - A800 and H800.

Two months ago, China retaliated by restricting exports of two materials, gallium and germanium, which are key to the semiconductor industry.

The original article contains 460 words, the summary contains 140 words. Saved 70%. I’m a bot and I’m open source!