The China Mail - US unveils fresh export curbs targeting China's chip sector

USD -
AED 3.672499
AFN 64.999981
ALL 80.973319
AMD 360.400812
ANG 1.789785
AOA 917.00006
ARS 1544.493132
AUD 1.432911
AWG 1.8
AZN 1.69565
BAM 1.742632
BBD 2.013837
BDT 124.53501
BGN 1.747831
BHD 0.377434
BIF 2988.029527
BMD 1
BND 1.276378
BOB 12.072829
BRL 5.468303
BSD 0.99988
BTN 94.413878
BWP 13.698105
BYN 2.983174
BYR 19600
BZD 2.010897
CAD 1.398925
CDF 2314.999902
CHF 0.815605
CLF 0.024634
CLP 969.530047
CNY 6.669797
CNH 6.66604
COP 3234.76
CRC 453.42968
CUC 1
CUP 23.9964
CVE 98.242128
CZK 21.68655
DJF 178.048444
DKK 6.66508
DOP 60.044461
DZD 135.888325
EGP 53.903902
ERN 15
ETB 164.103855
EUR 0.89171
FJD 2.244702
FKP 0.743037
GBP 0.742775
GEL 2.604999
GGP 0.743037
GHS 11.662561
GIP 0.743037
GMD 74.505074
GNF 8856.535705
GTQ 7.641212
GYD 209.491818
HKD 7.84435
HNL 26.873438
HRK 6.76901
HTG 131.039306
HUF 324.404499
IDR 18095.6
ILS 3.18926
IMP 0.743037
INR 94.47835
IQD 1515.768465
IRR 1883408.498647
ISK 121.979404
JEP 0.743037
JMD 158.589013
JOD 0.709038
JPY 158.0695
KES 129.900097
KGS 87.449296
KHR 4068.086547
KMF 441.000203
KPW 899.999961
KRW 1349.950303
KWD 0.310398
KYD 0.833278
KZT 449.579663
LAK 22503.085086
LBP 89535.66385
LKR 332.405209
LRD 169.973716
LSL 16.385571
LTL 2.95274
LVL 0.60489
LYD 6.400941
MAD 9.743884
MDL 17.877334
MGA 4533.405801
MKD 54.858075
MMK 2099.845134
MNT 3601.453525
MOP 8.079209
MRU 40.394356
MUR 46.750091
MVR 15.45503
MWK 1733.772887
MXN 18.617465
MYR 4.047196
MZN 63.910041
NAD 16.385571
NGN 1346.202177
NIO 36.798282
NOK 9.286915
NPR 151.060503
NZD 1.77915
OMR 0.384508
PAB 0.99988
PEN 3.443981
PGK 4.554749
PHP 62.978499
PKR 276.535615
PLN 3.918105
PYG 6160.371012
QAR 3.654913
RON 4.7598
RSD 104.865963
RUB 81.600692
RWF 1472.802602
SAR 3.756339
SBD 8.051718
SCR 13.798605
SDG 601.501901
SEK 9.79823
SGD 1.277615
SHP 0.745545
SLE 22.910048
SLL 20969.504398
SOS 571.392932
SRD 37.557021
STD 20697.981008
STN 21.829489
SVC 8.748374
SYP 13001.999685
SZL 16.379099
THB 33.44401
TJS 9.223717
TMT 3.51
TND 2.979413
TOP 2.40776
TRY 50.047702
TTD 6.771597
TWD 33.004957
TZS 2642.682972
UAH 45.418655
UGX 4044.247039
UYU 40.27318
UZS 11931.375213
VES 893.769016
VND 25682.5
VUV 119.655093
WST 2.783161
XAF 584.923388
XAG 0.019087
XAU 0.000243110551
XCD 2.70255
XCG 1.80199
XDR 0.707052
XOF 584.923388
XPF 106.260608
YER 236.174976
ZAR 16.454798
ZMK 9001.199877
ZMW 20.27148
ZWL 321.999592
SSP 5745.516508
MXV 2.095074
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

US unveils fresh export curbs targeting China's chip sector
US unveils fresh export curbs targeting China's chip sector / Photo: © AFP

US unveils fresh export curbs targeting China's chip sector

The United States announced new export restrictions Monday taking aim at China's ability to make advanced semiconductors -- used in weapon systems and artificial intelligence -- as competition deepens between the world's two biggest economies.

Text size:

"The United States has taken significant steps to protect our technology from being used by our adversaries in ways that threaten our national security," said National Security Advisor Jake Sullivan in a statement.

He added that Washington will keep working with allies and partners "to proactively and aggressively safeguard our world-leading technologies and know-how so they aren't used to undermine our national security."

The moves step up existing US efforts to tighten curbs on exports of state-of-the-art AI chips to China.

The announcement comes weeks before President-elect Donald Trump returns to the White House, where he is expected to further Washington's hawkish stance on China.

The latest rules include a restriction of exports to 140 companies, including Chinese chip firms Piotech and SiCarrier Technology.

They also impact Naura Technology Group, which makes chip production equipment, according to the Commerce Department.

The new rules also include controls on two dozen types of chipmaking equipment and three kinds of software tools for developing or producing semiconductors.

"We are constantly talking to our allies and partners as well as reassessing and updating our controls," noted Under Secretary of Commerce for industry and security Alan Estevez.

The efforts further a policy beginning under Trump's first administration, to hold back Beijing's ability to gain ground and become a leading tech economy.

On Monday, Commerce Secretary Gina Raimondo stressed that President Joe Biden's government has been especially tough in "strategically addressing China's military modernization through export controls."

"The semiconductor manufacturing equipment controlled by today's rules is needed to produce advanced-node integrated circuits, which are necessary for advanced weapon systems and advanced AI used in military applications," the Commerce Department said.

It maintained that this is in line with Washington's "small yard, high fence" strategy -- an approach that Chinese President Xi Jinping last month urged against.

The latest actions are aimed at slowing China's development of advanced AI that could "change the future of warfare," and impairing China's development of its own semiconductor ecosystem, noted the Commerce Department.

The entity list that the 140 companies were added to restricts US suppliers from exporting to them without added permission.

Calls to further close the semiconductor supply chain have grown since the world became increasingly aware of the powers of AI, with the launch of ChatGPT.

V.Fan--ThChM