INSUBCONTINENT EXCLUSIVE:
China on Saturday criticized the latest United States decision to tighten export controls that would make it harder for China to obtain and
manufacture advanced computing chips, calling it a violation of international economic and trade rules that will &isolate and backfire& on
the United States , AP reported.Out of the need to maintain its sci-tech hegemony, the United States abuses export control measures to
maliciously block and suppress Chinese companies,& said Foreign Ministry spokeswoman Mao Ning.It will not only damage the legitimate rights
and interests of Chinese companies, but also affect American companies& interests,& she said.Mao also said that the United States
&weaponization and politicization& of science and technology as well as economic and trade issues will not stop China&s progress.She was
speaking after the United States on Friday updated export controls that included adding certain advanced, high-performance computing chips
and semiconductor manufacturing equipment to its list, as well as new license requirements for items that would be used in a supercomputer
or for semiconductor development in China, AP reported.The United States said that the export controls were added as part of ongoing
efforts to protect United States national security and foreign policy interests.United States -China relations have deteriorated in recent
years over technology and security issues
The United States has implemented a raft of measures and restrictions designed to prevent China from obtaining chip technology, while China
has earmarked billions for investment into the production of semiconductors.The tensions have impacted semiconductor companies in the United
States and globally which either export chips or manufacture chips in China
Semiconductor companies such as Nvidia and AMD have seen a 40% decline in stock price over the past year.We understand the goal of ensuring
national security and urge the United States government to implement the rules in a targeted way—and in collaboration with international
partners—to help level the playing field and mitigate unintended harm to United States innovation,& the Semiconductor Industry
Association, which represents the United States semiconductor industry, said in a statement.The post China lashes out at latest US export
controls on chips first appeared on Ariana News.
