How Biden’s Chip Actions May Be Broadest China Salvo Yet

The actions, which incensed Beijing and provoked accusations of unfair targeting, threaten to disrupt a global economy already dealing with a potential recession, soaring inflation and lingering supply snarls. Some analysts warn it could strike a further blow to companies from Nvidia Corp. and Taiwan Semiconductor Manufacturing Co. to Applied Materials Inc., as well as a raft of Chinese up-and-comers, that underpin the $550 billion chip industry.