Premium Only Content
Chip Wars: U.S Announces Sweeping Restrictions On Export OF Semiconductor Chip To China,
The U.S. Commerce Department has published an expansive plan to deprive China of access to semiconductor chips made anywhere in the world using U.S. equipment in a move aimed at curtailing Beijing's technological and military advances.
The Biden administration announced that it would impose restrictions on 31 Chinese companies, research institutions and related groups effective October 21, effectively blocking their ability to obtain core U.S. technologies.
The U.S. claimed that the latest export control moves were intended to halt shipments of chips and chip-making technology of potential use to China in its military build-up and bid to dominate key industries.
The U.S. added China's top memory chipmaker YMTC and 30 other Chinese entities to a so-called "unverified" trade list. 28 companies were added to the "entity list", including several provincial arms of China's National Computer Centre, the Beijing Institute of Technology and Beijing SenseTime Technology Development, a subsidiary of a major Chinese A.I. company. These firms will now be subject to government licensing and sanctions requirements.
The new rules released by the U.S. also block shipments of a broad array of chips for use in Chinese supercomputing systems. The rules define a supercomputer as any system with more than 100 petaflops of computing power within a floor space of 595m2, a definition that two industry sources said could also hit some commercial data centres at Chinese tech giants.
The U.S. export control measures could hobble China's chip manufacturing industry by forcing the U.S. and foreign companies that use U.S. technology to cut off support for some of China's leading factories and chip designers.
In 2019, the Trump Administration banned Chinese telecommunications behemoth Huawei Technologies' access to U.S. computer chips in 2019.
In August this year, the U.S. Commerce Department barred U.S. industry leaders Nvidia and Advanced Micro Devices from selling cutting-edge artificial intelligence chips to Chinese firms. Nvidia estimates that it may lose approximately $400 million in potential sales to China in the third quarter and is said to be lobbying the U.S. government to seek exemptions.
The U.S. will invest around $52.7 billion in semiconductor chip production under the $280 billion Chips and Science Act. The measure aims to ensure the U.S. can keep pace with China as the two countries battle for dominance in the high-tech sector.
China's reaction
Commenting on the U.S. move, Mao Ning, a spokesperson for China's Foreign Ministry, said on Saturday that the U.S. new export controls would hinder international tech exchanges and economic cooperation and undermine the stability of global industrial and supply chains and the recovery of the world economy.
The spokesperson added that the U.S. politicisation and weaponisation of technology, economic and trade issues will not stop China's development but will only hurt the U.S. itself.
Out of the need to maintain its sci-tech hegemony, the U.S. abuses export control measures to maliciously block and suppress Chinese companies, Ning further added.
AboutUs About us https://bit.ly/3GUPFOa
Contact us +919942258153 kvk.subadhra@gmail.com
Thank You Very Much for Sharing YourValuable Thoughts
https://e110bj3917--jw2x-jo6-mcyba.hop.clickban
-
57:22
barstoolsports
15 hours agoHardest Puzzle Breaks Brains | Surviving Barstool S4 Ep. 8
230K10 -
9:02:15
Dr Disrespect
19 hours ago🔴LIVE - DR DISRESPECT - MARVEL RIVALS - RANKED
374K60 -
1:00:46
The StoneZONE with Roger Stone
10 hours agoFake News Attack on Tulsi Gabbard! | The StoneZONE w/ Roger Stone
64.9K22 -
2:24:08
WeAreChange
13 hours agoElon Musk & Donald Trump: The Emergency Halt That Saved Us
89.7K61 -
1:13:11
Flyover Conservatives
1 day agoWARNING! Is Bitcoin CIA-Controlled? – The Shocking Reality of Digital Assets - Clay Clark | FOC Show
40.8K11 -
2:00:37
Space Ice
16 hours agoSpace Ice & Redeye Try To Figure Out Seagal's Most Incoherent Movie
161K7 -
1:00:36
PMG
1 day ago $14.62 earned"Santa Trump is Giving Us Hope - But Will Johnson Stand Strong?"
116K14 -
54:30
LFA TV
1 day agoThe German Strongman’s Arrival Is Imminent | Trumpet Daily 12.18.24 7PM EST
85.6K7 -
2:04:11
Melonie Mac
14 hours agoGo Boom Live Ep 32! Soul Reaver Remastered!
70.6K10 -
39:11
Sarah Westall
11 hours agoDigital Slavery and Playing with Fire: Money, Banking, and the Federal Reserve w/ Tom DiLorenzo
86.7K8