It seems that America will further increase its chip embargo against the Chinese state. This decision is attributed to the recently increasing tension between the two countries. Trade Minister Gina Raimondo stated in her statement on the subject that they would further restrict China’s access to private chip technologies, which they perceive as a security threat, and that some Chinese companies, in particular, would be subject to a major embargo. Here are all the details…
America will increase its measures against China
It is known that chips are used in the field of artificial intelligence technologies. Underlining that they do not want these technologies, which are mainly produced by America and pro-Western Far Eastern countries, to fall into the hands of China, Raimondo explained that they are doing their best to protect the American people. It is said that these chips have become of great military importance.
In this context, Raimondo, who stated that they will impose a series of new export restrictions in the chip field for Chinese companies, is said to be preparing to impose a definitive embargo, especially on ChangXin Memory Technologies. The Biden administration had taken steps in this parallel before. But it is currently unknown whether all these measures can really stop China’s progress in chip technology.
So what do you think about this issue? Do you think the embargo strategy implemented by America is correct? You can easily share your answers with us in the comments section below. Your opinions are very valuable to us.