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

US Imposes Restrictions on Chinese Start-up Zhipu

user avatar

by Giorgi Kostiuk

3 months ago


The US has blacklisted the Chinese startup Zhipu as part of tightened trade restrictions in the final days of Joe Biden's administration.

New US Restrictions

Washington has included startup Zhipu on the trade restrictions blacklist, banning US suppliers from selling to the company without a license. This action coincides with new rules aimed at limiting the export of advanced chips to China.

Chinese Startup's Response

Zhipu, a developer of large language models, opposed the US decision, stating that the decision to add the company to the blacklist 'lacked factual basis'. A company representative also said this would not have a substantial impact on the business.

Being included in the Entity List will not have a substantial impact on the company’s business.Zhipu

Impact on Chinese Companies

Other Chinese firms have also been targeted by recent US sanctions, such as Tencent and chip designer Sophgo. Many companies and industry groups have expressed opposition to the restrictions, stating that they might undermine US leadership and competitiveness in the chip and AI sectors.

The US restrictions aim to slow down Chinese technological advancement in AI, sparking debates over the long-term consequences for both nations.

0

Share

Other news

Kraken Advances in Canada for Cryptocurrency Operations

Kraken successfully registers in Canada, adhering to regulatory standards for crypto operations.

user avatarGiorgi Kostiuk

a minute ago

Growth Potential of MAGACOINFINANCE and Its Appeal to Investors

MAGACOINFINANCE attracts attention with significant growth potential and 2025 prospects.

user avatarGiorgi Kostiuk

12 minutes ago

Nasdaq Volatility and Tech Giants: 'Mag7' Impact Analysis

An article on 'Mag7' tech companies' impact on Nasdaq volatility and the role of corrections in preventing financial crises.

user avatarGiorgi Kostiuk

12 minutes ago

Holder Profitability Declines for XRP, Solana, Dogecoin Despite Market Cap Growth

Surprising drop in holder profitability for XRP, Solana, and Dogecoin despite growth in crypto market capitalization.

user avatarGiorgi Kostiuk

21 minutes ago

Impact of Tariffs on Economic Growth and Inflation: New Challenges

Tariffs slow the economy and increase inflation, posing stagflation risks.

user avatarGiorgi Kostiuk

22 minutes ago

Blackrock and Galaxy Digital Strengthen Positions in the UK Crypto Market

Blackrock and Galaxy Digital bolster their roles in the UK cryptocurrency sector with new licenses and growth strategies.

user avatarGiorgi Kostiuk

22 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.