RT.com
19 Sep 2022, 00:45 GMT+10
Restrictions on semiconductor shipments could reportedly be introduced next month
The US government plans next month to tighten restrictions on the country's shipments of semiconductors used for artificial intelligence, along with chipmaking tools, to China, Reuters reported this week, citing its sources.
People familiar with the matter told the news outlet that the Commerce Department intends to publish new regulations based on curbs communicated in letters earlier this year to three US companies - KLA, Lam Research and Applied Materials. The plan for the new rules has not been previously reported, they noted.
According to the report, the letters, which the companies publicly acknowledged, forbade them from exporting chipmaking equipment to Chinese factories that produce advanced semiconductors with sub-14 nanometer processes unless the sellers obtain licenses from the US Commerce Department.
The rules would reportedly also codify restrictions in Commerce Department letters sent to Nvidia Corp and Advanced Micro Devices last month, instructing them to halt shipments of several artificial intelligence computing chips to China unless they obtain licenses.
The regulations could potentially apply to companies trying to challenge Nvidia and AMD's dominance in artificial intelligence chips, the report pointed out.
"The strategy is to choke off China and they have discovered that chips are a choke point. They can't make this stuff, they can't make the manufacturing equipment," Jim Lewis, technology expert at the Center for Strategic and International Studies, told Reuters, adding: "That will change."
The world's two largest economies, US and China, have been racing to dominate in key technologies, including semiconductors. China is significantly behind the United States in chip development, with its largest chipmaker SMIC aiming to wean itself off foreign technology.
For more stories on economy & finance visit RT's business section
(RT.com)
Get a daily dose of Broadcast Communications news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Broadcast Communications.
More InformationLONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...
NEW YORK CITY, New York: Financial markets kicked off the week on a cautious note as President Donald Trump rolled out a fresh round...
RIO DE JANEIRO, Brazil: At a two-day summit over the weekend, the BRICS bloc of emerging economies issued a joint declaration condemning...
LONDON, U.K.: This week, BP appointed Simon Henry, former Shell finance chief, to its board as a non-executive director effective September...
(Photo credit: Mark J. Rebilas-Imagn Images) Amazon Prime Video has hired veteran broadcaster Kevin Harlan to call NBA games during...
Ganderbal (Srinagar) [India], July 10 (ANI): The Indian Army launched Radio Kangan 88.4 FM in Wussan, Ganderbal, Central Kashmir, to...
On July 6, an arson attack targeted the East Melbourne Synagogue. It was the latest in a series of antisemitic incidents recorded across...
New Delhi [India], July 9 (ANI): Amid a controversy over the Udaipur Files movie, based on the 2022 murder of tailor Kanhaiya Lal in...
Varanasi (Uttar Pradesh) [India], July 9 (ANI): The Gyanvapi Sangharsh Samiti in Uttar Pradesh's Varanasi, which includes the female...
New Delhi [India], July 9 (ANI): The Delhi High Court on Wednesday directed a special screening of the controversial film 'Udaipur...