The News GodThe News GodThe News God
  • Politics
    • Trump
  • News
    • Wars & Conflicts
  • Business & Finance
  • Lifestyle & Health
  • Law
  • Sports
  • Tech & Autos
  • Home & Garden
  • Videos
  • More
    • Travel & Tour
    • Education
    • Entertainment
      • Biography
      • Net Worth
      • Famous Birthdays
    • General
    • Pets
    • Blog
    • About Us
    • Disclaimer
    • Media Partners
    • Why You Need to Read Business News Everyday
    • Authors
    • Terms of Service & Privacy Policy
Reading: The US implements new export controls to curb China’s chip industry.
Share
Font ResizerAa
The News GodThe News God
Font ResizerAa
  • Politics
  • News
  • Business & Finance
  • Lifestyle & Health
  • Law
  • Sports
  • Tech & Autos
  • Home & Garden
  • Videos
  • More
Search
  • Politics
    • Trump
  • News
    • Wars & Conflicts
  • Business & Finance
  • Lifestyle & Health
  • Law
  • Sports
  • Tech & Autos
  • Home & Garden
  • Videos
  • More
    • Travel & Tour
    • Education
    • Entertainment
    • General
    • Pets
    • Blog
    • About Us
    • Disclaimer
    • Media Partners
    • Why You Need to Read Business News Everyday
    • Authors
    • Terms of Service & Privacy Policy
Follow US
  • About Us
  • Authors
  • Advertise
  • Contact Us
  • Disclaimer
  • My Bookmarks
  • Terms of Use & Privacy Policy
  • Media Partners
The News God > Blog > News > The US implements new export controls to curb China’s chip industry.
News

The US implements new export controls to curb China’s chip industry.

Torffic Frimpong
Last updated: September 6, 2024 11:10 am
Torffic Frimpong - Content Writer
September 6, 2024
Share
3 Min Read
China's chip industry
SHARE

According to the US Commerce Department, the restrictions follow consultations with foreign partners.

The US has imposed new export curbs on quantum computers and semiconductor production machinery amid concerns about rivals like China operating advanced technologies.

Announcing the limits on exports, the US Department of Commerce said Thursday that following consultations with foreign partners, this would strengthen relationships with “like-minded countries.”

Today’s action ensures our national export controls keep in step with rapidly evolving technologies and are more effective when we work in concert with international partners,” said Under Secretary for the Bureau of Industry and Security Alan Estevez in a statement.

Related Posts

US Imposes Sanctions on Four Indian Companies Amid Russia-Ukraine Conflict: Reasons and Details on Sanctions Explained
US Imposes Sanctions on Four Indian Companies Amid Russia-Ukraine Conflict: Reasons and Details on Sanctions Explained
Fox News Today: Christmas shoppers warned about fake barcodes on store gift cards
13 Killed in an Israeli Strike in Gaza School Housing Displaced People, Medics say
Police are investigating the death of a Georgia man reportedly struck and killed by an oncoming train.

“It is significantly harder for our opponents to devise and deploy these technologies in ways that threaten our collective security when our controls on quantum and other advanced technologies are aligned.”

:

Regarding the emerging geopolitical rivalry between Washington and Beijing, America has tried to strangle China’s tech economy by clamping restrictions on advanced semiconductors and associated equipment.

Under President Joe Biden’s leadership, the US administration has forced allies to implement their own rules to limit China’s access to semiconductor technology.

The Netherlands imposed stricter curbs on the export of semiconductor-making equipment on Friday.

Dutch Foreign Trade Minister Reinette Klever said in a statement, “We see that technological advancements have given rise to increased security risks associated with the export of this specific manufacturing equipment, especially in the current geopolitical context.”

Japan, along with other countries, has already supported US efforts to strangle China’s tech industry by restricting exports of advanced chip-making machinery.

Beijing has responded to the situation by investing billions into its own sector in a race to become self-sufficient in advanced chips.

But despite a US effort to restrain its competition, chips made by the industry leader, Taiwan Semiconductor Manufacturing Co Ltd., are only about three years behind those produced in China, according to a recent analysis by TechanaLye, a semiconductor research organization based in Tokyo.

China’s Ministry of Foreign Affairs said on Friday that the US was disrupting international supply chains and violating market rules.

Speaking at a regular press briefing, a spokesperson, Mao Ning, said, “This does not serve the interests of any party.”

What is Picoworkers Success Rate
Video: Fake Jesus deported
The owner of a car that killed a mechanic during an oil change in Michigan is being sued.
NYC suspect caught on CCTV throwing lady onto subway tracks.
Faced with the startling surge in black homicides, BLM-supporting firms have gone silent.
Share This Article
Facebook Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Cristiano Ronaldo Cristiano Ronaldo breaks down in tears after scoring the 900 career goal.
Next Article School shooting School shooting leaves parents in a fear of ‘worst nightmares’
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Publications

May Thai’s Wiki, Bio, Net Worth, Age, Husband, Hot Photos Education, Body Measurement, and More. 
Entertainment
May 24, 2025
Elexis Monroe Biography, Age, Net Worth, Career, Biyfriend, and More
Elexis Monroe Biography, Age, Net Worth, Career, Biyfriend, and More
Biography
May 24, 2025
Georgie Lyall's bio
Georgie Lyall’s bio, wiki, age, early life, career, net worth, husband, and more
Biography
May 24, 2025
Xev Bellringer Wiki, Bio, Net Worth, Boyfriend, Height, Weight, Age, Measurements
Xev Bellringer Wiki, Bio, Net Worth, Boyfriend, Height, Weight, Age, Measurements
Entertainment
May 24, 2025
Hamburg Knife Attack
At least 12 Injured in Knife Attack in Hamburg, police says
News
May 23, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe

You Might also Like

Fox News Today: German railway company corrects Thunberg’s tweet on ‘overcrowded trains’
News

Fox News Today: German railway company corrects Thunberg’s tweet on ‘overcrowded trains’

January 3, 2020
News

Bullet advised me to quit marriage for now

November 13, 2019
Iran's Supreme Leader Issues Warning to Israel and the US of 'Devastating Response' Following Attack
News

Iran’s Supreme Leader Issues Warning to Israel and the US of ‘Devastating Response’ Following Attack

November 2, 2024
News

Doc Antle, “Tiger King,” convicted of wildlife trafficking in Virginia.

June 20, 2023
Show More
© 2025 Thenewsgod. All Rights Reserved.
  • About
  • Contact Us
  • Terms of Use & Privacy Policy
  • Disclaimer
  • Authors
  • Media Partners
  • Videos
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?