financetom
Technology
financetom
/
Technology
/
U.S. chip bans not meant to hobble China's growth, Blinken says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
U.S. chip bans not meant to hobble China's growth, Blinken says
Apr 26, 2024 4:47 PM

(Reuters) - U.S. export controls on sending advanced computing chips to China are not meant to hold back China's economy or technological development, Secretary of State Antony Blinken said during an interview with National Public Radio on Friday.

Since 2022, U.S. officials have imposed sweeping controls on which computing chips can be exported to China, cutting off some sales from Nvidia, Advanced Micro Devices and Intel, among others. Those controls followed earlier bans on shipping chips to Huawei Technologies.

But U.S. officials have granted at least two U.S. companies - Intel and Qualcomm - licenses to keep shipping chips to Huawei, which is using an Intel chip to power a new laptop model. Two Republican lawmakers earlier this week criticized the exemption for Intel, but in the interview with NPR, Blinken highlighted the device as a sign the U.S. was not trying to hobble China.

"I saw that Huawei just put out a new laptop that it boasted was AI capable, that uses an Intel chip," Blink told NPR host Steve Inskeep while visiting Beijing. "I think it demonstrates that what we're focused on is only the most sensitive technology that could pose a threat to our security. We're not focused on cutting off trade, or for that matter containing or holding back China."

Intel and Qualcomm's licenses to sell to Huawei were granted during President Donald Trump's administration and have remained in place under President Joe Biden. Those companies' direct competitors, AMD and MediaTek, have not received similar exemptions, and neither the Trump nor Biden administrations have explained why.

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 >
EURUSD declines temporarily within bullish track-Analysis-18-08-2025
EURUSD declines temporarily within bullish track-Analysis-18-08-2025
Aug 17, 2025
The (EURUSD) declined in its last trading on its intraday levels, to gather gains after the previous bullish wave, accompanied by the attempts to offload the clear overbought conditions on the (RSI), especially with the emergence of negative signals from there. Despite this intraday decline, the pair remains supported by its trading above EMA50, and its move within the minor...
Crude oil prices get ready to break an important support-Analysis-18-08-2025
Crude oil prices get ready to break an important support-Analysis-18-08-2025
Aug 17, 2025
The (crude oil) price declined in its last intraday trading, approaching from the critical support at $62.00, amid the dominance of the bearish track on the short-term basis, besides the trading alongside a supportive bias line for this trend, this decline indicates the continuation of the selling powers' dominance and attempt to put more pressure on the trading. Besides the...
Gold turns its early losses into gains- Analysis-18-08-2025
Gold turns its early losses into gains- Analysis-18-08-2025
Aug 17, 2025
The (Gold) rose in its last intraday trading, after holding above the key support at $3,225, that we mentioned in our previous reports, providing clear positive momentum that helped it to bounce higher and turn its early losses into intraday gains, supported by the emergence of positive signals on the (RSI) after reaching oversold levels. Despite this intraday rebound, the...
Bitcoin (BTCUSD) opens this week with sharp losses -Analysis-18-08-2025
Bitcoin (BTCUSD) opens this week with sharp losses -Analysis-18-08-2025
Aug 17, 2025
The price of Bitcoin (BTCUSD) slipped lower in its last intraday trading, affected by the continuation of the negative pressure that comes from its stability below EMA50, this decline accompanied by the emergence of bearish signals on the (RSI), after reaching overbought levels, increasing the possibilities of the bearish rebound. The continuous pressure led to breaking a minor bullish trend...
Copyright 2023-2026 - www.financetom.com All Rights Reserved