The Financial Times reports that Arm has concluded that its latest Neoverse V series chip designs can’t be sold to Alibaba because the US and UK wouldn’t approve the sale and provide licenses to export the chip designs to China.Manufacturers like Intel and Micron have to obtain a license from the US Commerce Department to export chip-making equipment and semiconductors to Chinese companies, and the UK has followed with similar export restrictions.Arm, owned by Japanese investor SoftBank, is based in Britain, and is unable to sell its advanced chips due to the Wassenaar Arrangement, an export control arrangement that was first established in 1996 and involves 42 countries.The controls on chip manufacturing equipment exports to China also follow months of investment by the US in domestic chip manufacturing.More recently, President Biden joined Tim Cook to celebrate production equipment arriving at TSMC’s first fab in Arizona, scheduled to begin making advanced chips for Apple and others in 2024, before adding a new site in 2026."