financetom
Technology
financetom
/
Technology
/
China criticises US tightening of chip export rules
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
China criticises US tightening of chip export rules
Mar 31, 2024 10:43 PM

BEIJING, April 1 (Reuters) - China has criticised the

tightening of U.S. rules on semiconductor exports, saying they

have created more hurdles to trade and more uncertainty in the

chip industry.

The Biden administration last week revised rules aimed at

making it harder for China to access U.S. artificial

intelligence chips and chipmaking tools, part of a larger effort

to hobble Beijing's chipmaking industry over national security

concerns.

"The U.S. has broadened the concept of national security,

arbitrarily revised the rules, and tightened control measures.

That has not only set up more obstacles and imposed a heavier

compliance burden on Chinese and American companies who want to

work together economically and in trade normally but has also

created huge uncertainty for the global semiconductor industry,"

a Commerce Ministry spokesperson said, according to a statement.

The spokesperson, responding to a reporter's question, said

the move by the U.S. "seriously affects mutually beneficial

cooperation between Chinese and foreign enterprises and harms

their legitimate rights and interests. China firmly opposes

this."

The U.S. imposed rules last October barring exports and

companies like Nvidia ( NVDA ) and AMD have been

affected by the spat.

"China is ready to work with all parties to strengthen

mutually beneficial cooperation and promote the security and

stability of the global semiconductor industry and supply

chain," the spokesperson said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Behind the Scenes of T-Mobile US's Latest Options Trends
Behind the Scenes of T-Mobile US's Latest Options Trends
Sep 25, 2024
Investors with a lot of money to spend have taken a bearish stance on T-Mobile US ( TMUS ) . And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this...
Micron forecasts first-quarter revenue above estimates
Micron forecasts first-quarter revenue above estimates
Sep 25, 2024
Sept 25 (Reuters) - Micron Technology ( MU ) forecast first-quarter revenue above market estimates on Wednesday, betting on strong demand for its high bandwidth memory (HBM) chips used by the AI industry. The company said it expects revenue of $8.70 billion, plus or minus $200 million, for the first quarter, compared with estimates of $8.28 billion, according to LSEG...
GameStop's Options Frenzy: What You Need to Know
GameStop's Options Frenzy: What You Need to Know
Sep 25, 2024
Investors with a lot of money to spend have taken a bearish stance on GameStop ( GME ) . And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big...
Japan's Icom investigating radio devices carrying its logo after Lebanon blasts
Japan's Icom investigating radio devices carrying its logo after Lebanon blasts
Sep 25, 2024
TOKYO, Sept 19 (Reuters) - Japanese radio equipment maker Icom Inc ( ICOIF ) said on Thursday that it was investigating the facts regarding news reports that two-way radio devices bearing its logo have exploded in Lebanon. Hand-held radios used by armed group Hezbollah detonated on Wednesday across Lebanon's south, after similar explosions of the group's pagers the day before....
Copyright 2023-2026 - www.financetom.com All Rights Reserved