China harshly reprimanded USA for its latest restrictions on the manufacture of chipsthe Chinese Foreign Ministry said on Wednesday, after the Chinese government Joe Biden will publish new measures to further restrict Beijing’s access to cutting-edge technologies.
“Such restrictions and forced disengagements for political purposes violate the principles of the market economy and fair competition”the ministry said in a response to questions from Reuters.
USA has said it does not want to block China’s economic development, and Beijing hopes Washington will adhere to this rather than saying one thing and doing another, he added.
The US government said on Tuesday that it plans to stop shipments to China of more advanced artificial intelligence (AI) chips designed by Nvidia and others.
It also restricted a wider swath of advanced chips and semiconductor manufacturing tools to a larger number of countries, including Iran and Russia, and blacklisted Chinese chip designers. Moore Threads and Biren.
The Chinese semiconductor index CSI fell 1.4% on Wednesday following the announcement, while the STAR Chip lost 1.2%. A measure that tracks Chinese AI companies lost 1.8% after hitting a nine-month low.
AI stocks were further hit after the United States announced new controls on AI chip exports. Nvidia to Chinaas UBS wrote in a note to its clients.
Source: Gestion
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