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Reading: The US implements new export controls to curb China’s chip industry.
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The News God > Blog > News > The US implements new export controls to curb China’s chip industry.
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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
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3 Min Read
China's chip industry
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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.

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“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.”

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