The sanctions not only prohibit the sale of the newest generations of chips to China but goes on to forbid any US firm or those dependent on US technology from selling or licensing software, equipment or technologies that China will need to build its capabilities in chips. Beyond that, it restricts US citizens and even those holding green cards from working for or with any Chinese entities in a large number of technology areas.
The sanctions also apply to US allies and their firms, given that they are dependent on US technology in one way or the other. This, therefore, makes it difficult for companies like TSMC of Taiwan or Samsung of South Korea from selling the latest generation of chips to China or even helping it in this area. China has always been a big customer for TSMC and Samsung.
This is a setback for Xi Jinping PROSENJIT DATTA who had devised a plan that envisaged China leapfrogging the US in multiple technologies and taking a critical lead over the West. Without access to the latest generation of chips, its ambitions in Artificial Intelligence research as well as 5G and Blockchain will suffer a i big setback.
This story is from the November 01, 2022 edition of Business Standard.
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This story is from the November 01, 2022 edition of Business Standard.
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