The Commerce Department of the United States of America will be hitting China with new restrictions on shipments of semiconductors in October, according to a report by Reuters. The Biden administration is reportedly in the process of drafting letters informing relevant US companies of new regulations that will require further licenses to deliver chips to China. Also read: Passengers stranded, as Aviation union protest against anti-labour clauses Police arrest two PDP leaders in Kano for perjury, conspiracy against Abacha The new Commerce Department regulations that will impact computer chip giants like Nvidia Corp and Micro Devices will particularly cover powerful…