• Image Credit: Google

• Oct 8, 2022 | Guriya Khatun

The United States said that the addition of export restrictions was a part of continuous measures to safeguard its national security and foreign policy objectives.

Digital Desk: China on Saturday criticized the latest American move to tighten export restrictions that would make it more difficult for China to purchase and produce advanced computing chips, accusing the United States of breaking international trade and economic norms and isolating itself in the process.

According to Mao Ning, a spokeswoman for the Chinese Foreign Ministry, the U.S. intentionally blocks and represses Chinese firms out of a need to preserve its technological primacy.

She said, it will harm not just the legal rights and interests of Chinese businesses but also those of American businesses.

Mao said that the politicization of science, technology, and economic and trade issues by the United States would not halt China's development.

She was speaking after the U.S. on Friday updated export controls, which included new licence requirements for items that would be used in a supercomputer or for semiconductor development in China, as well as the addition of some advanced, high-performance computing chips and semiconductor manufacturing equipment to its list.

The United States said that the addition of export restrictions was a part of continuous measures to safeguard its national security and foreign policy objectives.

In recent years, tensions between the United States and China have increased over security and technology issues. While China has set aside billions for investments in the production of semiconductors, the U.S. has established a variety of steps and limitations to prevent China from getting chip technology.

The tensions affect global and American semiconductor firms that either export chips or produce chips in China. The stock price of semiconductor firms like Nvidia and AMD has dropped by 40% in the last 12 months.

To help level the playing field and lessen unintended harm to American innovation, we urge the U.S. government to implement the rules in a targeted manner and in cooperation with international partners, according to a statement from the Semiconductor Industry Association, which represents the U.S. semiconductor industry. We understand the goal of ensuring national security.