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All In One Tech News Channel
All In One Tech News Channel
The US said the export controls were added as part of an ongoing effort to protect US national security and foreign policy interests.
China on Saturday criticized the latest US decision to tighten export controls that would make it harder for China to source and manufacture advanced computer chips, calling it a violation of international economic and trade rules that will “isolate and turn against” the US.
“Out of a need to maintain its sci-tech hegemony, the US is abusing export control measures to maliciously block and suppress Chinese companies,” said Foreign Ministry spokeswoman Mao Ning.
“It will not only harm the legitimate rights and interests of Chinese companies, but also affect the interests of American companies,” she said.
Mao also said that America’s “weaponization and politicization” of science and technology, as well as economic and trade issues, would not stop China’s progress.
She spoke after the U.S. updated export controls on Friday that included adding some advanced, high-performance computer chips and semiconductor manufacturing equipment to its list, as well as new licensing requirements for items that would be used in supercomputers or for U.S. semiconductor development . China.
The US said the export controls were added as part of an ongoing effort to protect US national security and foreign policy interests.
Relations between the US and China have soured over technology and security issues in recent years. The US has imposed a series of measures and restrictions designed to prevent China from acquiring chip technology, while China has committed billions to investment in semiconductor manufacturing.
The tensions have hit semiconductor companies in the U.S. and around the world that either export chips or make chips in China. Semiconductor companies like Nvidia and AMD have seen their stock prices drop 40% over the past year.
“We understand the objective of ensuring national security and urge the US government to implement the rules in a targeted manner – and in cooperation with international partners – to help level the playing field and mitigate unintended harm to US innovation,” the Semiconductor Industry Association said. which represents the US semiconductor industry, said in a statement.