It appears that America is poised to further escalate its chip embargo against China amid the escalating tensions between the two countries. Commerce Secretary Gina Raimondo, in her statement on the matter, indicated that they will further restrict China’s access to special chip technologies, which they perceive as a security threat, and specifically noted that certain Chinese companies will be subject to a significant embargo. Here are all the details…
America to escalate measures against China
It is known that chips are used in the field of artificial intelligence technologies. Raimondo emphasized the desire to prevent these technologies, predominantly produced by America and pro-Western Far Eastern countries, from falling into China’s hands, stating that they are making every effort to protect the American people. It is also said that these chips are increasingly important in military terms.
In this context, Raimondo, who indicated that they will impose a series of new export restrictions on Chinese companies in the chip field, is reportedly preparing to impose a definitive embargo on ChangXin Memory Technologies. The Biden administration has previously taken steps in this direction. However, it is currently unknown whether all these measures can truly halt China’s progress in chip technology.
What are your thoughts on this matter? Do you think America’s embargo strategy is correct? You can easily share your answers with us in the comments section below. Your opinions are very valuable to us.
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