Gaming PC

Chip Companies Lose $240 Billion in U.S. Crackdown on China

According to Bloomberg, the U.S. government is trying to limit China’s military potential by denying access to government-controlled entities that lead processor design, chip development, and production capacity. As a result, billions of dollars have been lost from the global market value of the semiconductor industry. Some US companies have already restricted access to the products and services of certain companies based in China, while others are waiting before the US government officially announces the restrictions.

As the world’s second-largest economy and the world’s factory, China is understandably a large consumer of semiconductors and produces a large number of chips domestically. China must adopt the latest technology, designed domestically and elsewhere, to support its economic and humanitarian development.Still, these technologies could also help increase China’s military potential, something that no one in or outside the region likes. , pose risks not only to US allies such as Japan, South Korea and Taiwan, but also to the US

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