China Warns Of Retaliation Amidst Escalating Semiconductor Showdown With The U.S.

Written By BlabberBuzz | Saturday, 22 July 2023 09:20 AM
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China Warns Of Retaliation Amidst Escalating Semiconductor Showdown With The U.S.

China's ambassador to the United States, Xie Feng, has warned that China will retaliate against any new restrictions on the semiconductor industry as the Biden administration considers tightening rules.

Speaking at the Aspen Security Forum, Ambassador Xie criticized current U.S. restrictions as "not fair" and stated that China will not back down from competition with the U.S. He emphasized that China is against waging trade or technological wars on the pretext of competition.

"The U.S. is trying to win by keeping China out and is rallying allies to encircle China. This is not fair," Ambassador Xie said. "It is also imposing chip export restrictions on China. This is like forcing others to wear outdated swimwear in a swimming contest while one himself wears a Speedo fastskin. China will not make provocation, but we will not flinch from any provocation coming our way."

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The Biden administration recently met with three top U.S. semiconductor manufacturers to discuss updating rules that restrict China's microchip industry. These rules, put in place in October, limit U.S. companies' cooperation with Chinese chip manufacturers. The restrictions aim to curb China's access to semiconductors and the materials required for high-tech electronics production.

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Both the U.S. and China have been taking actions to gain an advantage in the production of semiconductors, which are crucial for the advancement of computing technology and AI development. The U.S. has leveraged its intellectual property claims, while China has leveraged its supply of raw materials and minerals.

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In response to the U.S. restrictions, China has announced that it will implement export limits on gallium, germanium, and their corresponding chemical compounds starting in August. These raw resources are vital for the production of hardware used in groundbreaking computing technology.

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The escalating tensions between the U.S. and China in the semiconductor industry highlight the growing competition and strategic importance of this sector. As both countries vie for dominance, the implications for global technological advancements and economic stability remain uncertain.

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