Popular devices

Latest News

Latest Reviews

iPhone XS Max review
Jan 16, 2020
Moto G7 Power review
Jan 16, 2020

Mending relations: US special body says trade restrictions on China don’t work following Biden-Xi meet

Nov 17, 2023 Mehul Reuben Das News Source firstpost 26 hits

Mending relations: US special body says trade restrictions on China don’t work following Biden-Xi meet

Tech Mending relations: US special body says trade restrictions on China don’t work following Biden-Xi meet The US-China Economic and Security Review Commission has agreed that the US is not in a position to impose sanctions and a trade restriction on China in any realistic manner. Chinese businesses have been very successful in finding loopholes FP Staff November 17, 2023 12:31:38 IST The US-China Economic and Security Review Commission has agreed that the US is not in a position to impose sanctions and a trade restriction on China in any realistic manner. Chinese businesses have been very successful in finding loopholes Chinese companies are reportedly taking advantage of loopholes in Washington’s export controls to continue purchasing US chip-making equipment, as revealed by the US-China Economic and Security Review Commission (USCC). Despite the US implementing restrictions on advanced computing chips used for artificial intelligence and chip-making equipment in 2022, aiming to hinder China’s ability to develop advanced semiconductors, the USCC’s annual report indicates that Chinese imports of American chips and chip-making equipment reached approximately $3.1 billion in the first eight months of 2023. While the restrictions led to a 50 per cent decrease in US semiconductor exports to China since the previous year, the report suggests that some of the exported equipment may include advanced technologies banned for sale. Importers often claim the equipment is used on older production lines, making it challenging to verify that it is not being used for producing more advanced chips, especially given the limited capacity for end-use inspections. Related Articles US-China tensions easing? Chinese commerce minister welcomes Micron to expand in domestic market Micron, ASML, Samsung cosy up to Chinese regime, attend China International Import Expo, NVIDIA abstains The report further reveals that China, faced with US curbs, has increased purchases of advanced chip-making tools from other countries, primarily Japan and the Netherlands, both of which introduced their own export restrictions earlier in the year. For instance, China imported $3.2 billion worth of semiconductor manufacturing equipment from the Netherlands between January and August 2023, indicating a 96.1 per cent annual increase. Despite the curbs, China has seemingly continued technological advancements, with Huawei launching its Mate 60 Pro smartphone in September 2023, equipped with high-end 7-nanometer chips. Some industry experts raise questions about whether China produced these chips using older tools not subjected to export controls. The USCC warns that these advancements in Chinese technology raise concerns about the effectiveness of current export control measures, emphasizing that these restrictions are intended to maintain a technological lead over China. China has criticized US export curbs, asserting that they violate globally recognized market rules. The ongoing manoeuvring between nations in the tech and semiconductor industry remains a focal point of global economic and geopolitical dynamics. (With input from agencies) Join our Whatsapp channel to get the latest global news updates Published on: November 17, 2023 12:31:38 IST TAGS: Biden Xi Meeting Us China Tech War Us-china Economic And Security Review Commission


Rate this article:

Share this article:

Leave a comment:

Related articles