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China initiated a dispute against the U.S. at the World Trade Organization (WTO) over Washington’s sweeping semiconductor export curbs that look to cut the world’s second-largest economy off from high-tech components, CNBC reported. According to CNBC, the Chinese Ministry of Commerce confirmed the trade dispute in a statement on Monday and accused the U.S. of abusing export control measures and
Apple CEO Tim Cook confirmed that Apple will buy U.S.-made microchips at an event in Arizona on Tuesday, where President Joe Biden also spoke, CNBC reported. Cook said Apple would buy processors made in a new Arizona factory, according to a video from the event. According to CNBC, the chip factories will be owned and operated by Taiwan Semiconductor Manufacturing
American workers hold key positions throughout China’s domestic chip industry, helping manufacturers develop new chips to catch up with foreign rivals. Now, those workers are in limbo under new U.S. export control rules that prohibit U.S. citizens from supporting China’s advanced chip development, The Wall Street Journal reported. At least 43 senior executives working with 16 publicly listed Chinese semiconductor
Two years after the US hit Huawei with harsh sanctions, the Chinese technology group’s revenue has dropped, it has lost its leadership position in network equipment and smartphones and its founder has told staff that the company’s survival is at stake, Financial Times reported. Now, China’s entire chip industry is bracing for similar pain as Washington applies the tool tested
The U.S. imposed new export restrictions on advanced semiconductors and chip-manufacturing equipment Friday in an effort to prevent American technology from advancing China’s military power, The Wall Street Journal reported. The rules will require U.S. chip makers to obtain an license from the Commerce Department to export certain chips used in advanced artificial-intelligence calculations and supercomputing - crucial technologies for
The Biden administration plans next month to broaden curbs on U.S. shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said, according to Reuters. Reuters reported that the Commerce Department intends to publish new regulations based on restrictions communicated in letters earlier this year to three U.S. companies - KLA Corp,