From Investing.com: 2024-04-26 21:06:06

U.S. export controls on advanced computing chips to China aim to protect sensitive technology, not hinder China’s development, according to Secretary of State Antony Blinken. Restrictions since 2022 have affected sales from Nvidia, AMD, and Intel, but exemptions for Intel and Qualcomm to sell to Huawei show a focus on security, not trade barriers.

Despite banning chip sales to Huawei, U.S. officials have allowed Intel and Qualcomm to continue selling to the company. This move has raised questions from lawmakers but emphasizes the selective approach to sensitive technology trade restrictions with China. Competitors like AMD and MediaTek have not received similar exemptions without clear explanation.



Read more at Investing.com: U.S. chip bans not meant to hobble China’s growth, Blinken says By Reuters