• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

US imposes new sanctions on China in the semiconductor sector

user avatar

by Giorgi Kostiuk

a year ago


The conflict between the US and China in the semiconductor sector is escalating. The US imposes new sanctions limiting technological exports to China.

New US sanctions

Recently, the US announced new sanctions aimed at restricting semiconductor technology exports to China. These measures are intended to hinder China's ability to acquire and produce advanced technologies necessary for its military modernization. Specifically, the restrictions target the export of high-bandwidth memory (HBM) chips, 24 types of semiconductor manufacturing tools, and three types of software. Additionally, 140 Chinese companies have been added to the blacklist of entities, further complicating trade relations with the US.

China's response

Chinese semiconductor companies have stated that they anticipated these sanctions and stockpiled necessary equipment. In response to US restrictions, China called for a boycott of American semiconductor manufacturers like Nvidia, Intel, and Qualcomm. China also banned the export of several critical minerals to the US, including gallium and germanium, which may affect American supply chains.

Consequences of the conflict

These actions mark a new escalation in the trade war between the two superpowers, significantly impacting the global semiconductor industry. Companies in China and the US must adapt to an increasingly complex and uncertain environment while seeking to secure their supply chains under new regulations.

The new sanctions and countermeasures underscore the growing tensions in US-China trade relations, which may have long-term implications for the global semiconductor industry.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Goldman Sachs CEO Criticizes Crypto Leaders Over Market Structure Bill

chest

Goldman Sachs CEO David Solomon criticizes crypto leaders for disregarding the market structure bill, emphasizing the need for a rules-based framework in the industry.

user avatarKofi Adjeman

Concerns Over Legal Liabilities for Crypto Developers

chest

Recent prosecutions highlight the risks faced by developers in the crypto industry amid ongoing legislative debates.

user avatarNguyen Van Long

Laurore Ltd Surfaces as Major Player in Bitcoin ETF Market

chest

Laurore Ltd has emerged as a significant buyer of BlackRock's iShares Bitcoin Trust, acquiring 8,786,279 shares valued at approximately $337.3 million, raising questions about its identity and motivations.

user avatarSatoshi Nakamura

Citigroup Raises Nvidia Stock Price Target to $270

chest

Citigroup has raised its price target for Nvidia stock to $270, anticipating strong revenue growth and performance in the AI sector.

user avatarJesper Sørensen

Robert Kiyosaki Predicts Market Slide and Advocates for Accumulation

chest

Robert Kiyosaki anticipates a significant market downturn and encourages investors to buy assets like Bitcoin and Ethereum during market panic.

user avatarRajesh Kumar

Legal Challenges Emerge for Crypto Platforms Amid Regulatory Scrutiny

chest

Legal challenges arise for crypto platforms in the US as state regulators take action against unlicensed wagering, leading to disputes over contract classification.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.