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The BIS cited China's use of advanced semiconductors used in their military as a main reason for the new export bans. Specifically, the United States claims China's access to advanced semiconductors enables their military to produce advanced military systems including weapons of mass destruction, improve the speed and accuracy of military ...
By Karen Freifeld and David Shepardson (Reuters) -The United States on Monday launched its third crackdown in three years on China's semiconductor industry, curbing exports to 140 companies ...
Shares of Nvidia fell more than 2%, while Advanced Micro Devices (AMD) fell about 1.5% on the news in extended trading. The Commerce Department will stop the shipments of chips made by Nvidia and ...
The US government has imposed fresh export controls on the sale of high tech memory chips used in artificial intelligence (AI) applications to China. The rules apply to US-made high bandwidth ...
Some even argued the export restrictions have backfired—meant to hobble China’s AI companies and keep them from catching up to the U.S., they have instead forced Chinese AI researchers to ...
Export restrictions, or a restriction on exportation, are limitations on the quantity of goods exported to a specific country or countries by a Government. Export restrictions could be aimed at achieving diverse policy objectives such as environmental protection, economic welfare, social wellbeing, conversion of natural resources, and controlling inflationary pressures.
In January 2023, the U.S., Japan, and the Netherlands reached an agreement to limit certain advanced chip exports to China. [97] In March 2023, the Japanese government intends to impose restrictions on the export of computer chip-making equipment. This move follows similar actions previously taken by the Netherlands and the US.
Beijing has accused the United States of abusing export controls to suppress Chinese companies. The restrictions marked a historic shift in U.S.-China tech policy.