{"id":74606,"date":"2022-10-08T10:43:52","date_gmt":"2022-10-08T10:43:52","guid":{"rendered":"https:\/\/kuwaitnewsgazette.com\/?p=74606"},"modified":"2022-10-10T10:47:28","modified_gmt":"2022-10-10T10:47:28","slug":"china-lashes-out-at-latest-us-export-controls-on-chips","status":"publish","type":"post","link":"https:\/\/kuwaitnewsgazette.com\/china-lashes-out-at-latest-us-export-controls-on-chips\/","title":{"rendered":"China Lashes Out at Latest US Export Controls on Chips"},"content":{"rendered":"
China Saturday criticized the latest U.S. decision to tighten export controls that would make it harder for China to obtain and manufacture advanced computing chips, calling it a violation of international economic and trade rules that will \u201cisolate and backfire\u201d on the U.S.<\/p>\n
\u201cOut of the need to maintain its sci-tech hegemony, the U.S. abuses export control measures to maliciously block and suppress Chinese companies,\u201d said Foreign Ministry representative Mao Ning.<\/p>\n
\u201cIt will not only damage the legitimate rights and interests of Chinese companies, but also affect American companies\u2019 interests,\u201d she said.<\/p>\n
Mao also said that the U.S. \u201cweaponization and politicization\u201d of science and technology as well as economic and trade issues will not stop China\u2019s progress.<\/p>\n
She was speaking after the U.S. on Friday updated export controls that included adding certain advanced, high-performance computing chips and semiconductor manufacturing equipment to its list, as well as new license requirements for items that would be used in a supercomputer or for semiconductor development in China.<\/p>\n
U.S.-China relations have deteriorated in recent years over technology and security issues. The U.S. has implemented a raft of measures and restrictions designed to prevent China from obtaining chip technology, while China has earmarked billions for investment into the production of semiconductors.<\/p>\n The tensions have impacted semiconductor companies in the U.S. and globally which either export chips or manufacture chips in China. Semiconductor companies such as Nvidia and AMD have seen a 40% decline in stock price over the past year.<\/p>\n \u201cWe understand the goal of ensuring national security and urge the U.S. government to implement the rules in a targeted way\u2014and in collaboration with international partners\u2014to help level the playing field and mitigate unintended harm to U.S. innovation,\u201d the Semiconductor Industry Association, which represents U.S. semiconductor industry, said in a statement.<\/p>\n <\/p>\n <\/p>\n Source: Voice of America<\/p>\n","protected":false},"excerpt":{"rendered":" China Saturday criticized the latest U.S. decision to tighten export controls that would make it harder for China to obtain and manufacture advanced computing chips, calling it a violation of international economic and trade rules that will \u201cisolate and backfire\u201d on the U.S. \u201cOut of the need to maintain its sci-tech hegemony, the U.S. abuses … Read more<\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"yoast_head":"\n
\n<\/a>The U.S. said that the export controls were added as part of ongoing efforts to protect U.S. national security and foreign policy interests.<\/p>\n