China rebukes US over latest chip restrictions
The Hindu
China lodges stern rebuke of US chip curbs, says violates market principles. US says it doesn't want to block China's development, but China says US is saying one thing and doing another. US curbs on Nvidia chips, chipmaking tools, and Chinese chip designers Biren and Moore Threads.
China has lodged a stern rebuke of the United States over its latest chip curbs, China's foreign ministry said on Wednesday, after the Biden administration published new measures to further restrict Beijing's access to cutting-edge technologies.
"Such restrictions and forced de-coupling for political purposes violate the principles of the market economy and fair competition," the ministry said in a response to Reuters' questions.
The U.S. has said it does not want to block China's economic development, and China hopes the U.S. will adhere to this rather than saying one thing and doing another, it said.
Washington on Tuesday said it plans to halt shipments to China of more advanced artificial intelligence chips designed by Nvidia and others.
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It also restricted a broader swathe of advanced chips and chipmaking tools to a greater number of countries including Iran and Russia, and blacklisted Chinese chip designers Moore Threads and Biren.
China's CSI Semiconductor Index dropped 1.4% on Wednesday following the announcement, while the STAR Chip Index lost 1.2%.
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