December 5, 2024
Economy

Chinese tech companies say they may resist new US export restrictions

Chinese chipmakers, hit by new export control measures from Washington, have vowed to accelerate supply chain localization and said they will be able to resume production thanks to recent efforts to stockpile equipment.”, — write: epravda.com.ua

Chinese chipmakers, hit by Washington’s new export control measures, have vowed to speed up supply chain localization and said they will be able to resume production thanks to recent efforts to stockpile equipment. Reuters writes about it. The latest restrictions, the third in the past three years, affect chip manufacturing equipment, software and high-speed memory. They restrict exports for 140 companies, including chip equipment maker Naura Technology Group and ACM Research. Empyrean, a maker of electronic design automation tools, said its listing would not have a significant impact on operations.Advertisement: Although Chinese authorities have called the move “economic coercion,” the measures do not appear to have had a significant impact on the chip maker’s stock. which rose slightly on Tuesday as analysts said restrictions were less severe than expected. The delisting of ChangXin Memory Technologies (CXMT), a leading Chinese manufacturer of a key component in artificial intelligence chips, surprised some. The Biden administration says the restrictions are aimed at limiting China’s ability to access and produce chips that advance AI for military applications or threaten U.S. national security. industry in China, restricting exports to 140 companies, including chip equipment maker Naura Technology Group. The supply of processors is helping Chinese startups develop artificial intelligence technologies despite Washington’s restrictions.

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