Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

US roll outs new export controls to restrict China's chip industry.


Date: 09-09-2024
Subject: US roll outs new export controls to restrict China's chip industry
The United States has rolled out fresh export controls on quantum computers and semiconductor-manufacturing equipment amid concerns over the use of advanced technologies by rivals such as China, Al Jazeera reported.
The US Department of Commerce said on Thursday that the export restrictions followed consultation with international partners and would strengthen relations with "like-minded countries."

"Today's action ensures our national export controls keep step with rapidly evolving technologies and are more effective when we work in concert with international partners," Under Secretary for the Bureau of Industry and Security Alan Estevez said in a statement.

"Aligning our controls on quantum and other advanced technologies makes it significantly more difficult for our adversaries to develop and deploy these technologies in ways that threaten our collective security," he added.

This comes as the US has sought to throttle China's tech industry with curbs on advanced chips and related equipment amid the growing strategic rivalry between Washington and Beijing, as reported by Al Jazeera.

President Joe Biden has also pressed allied countries to introduce new restrictions to limit Beijing's access to semiconductor technology.

Earlier on Friday, the Netherlands also announced tighter controls on exports of semiconductor-making machines.

"We see that technological advances have given rise to increased security risks associated with the export of this specific manufacturing equipment, especially in the current geopolitical context," Dutch Foreign Trade Minister Reinette Klever said in a statement.

Other countries, including Japan, have previously joined US efforts to hobble the Chinese tech sector by rolling out curbs on advanced chip-making equipment, Al Jazeera reported.

On the other hand, China's Ministry of Foreign Affairs has accused Washington of violating market principles and disrupting global supply chains.

"This does not align with the interests of any side," spokeswoman Mao Ning told a regular news conference.

 Source Name : Economic Times

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 01-10-2024
Notification No. 18/2024 – Central Tax
Seeks to notify Principal Bench of GST Appellate Tribunal to hear cases of anti-profiteering

Date: 01-10-2024
Notification No. 19/2024 – Central Tax
Notification under Section 171 of CGST Act to provide for the sunset date.

Date: 30-09-2024
Notification No. 64/2024-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

Date: 27-09-2024
NOTIFICATION No. 17/2024–Central Tax
Seeks to notify the provisions of Finance (No. 2) Act, 2024

Date: 27-09-2024
Notification No. 44/2024-Customs
Seeks to amend Export Duty on Certain Varieties of rice

Date: 26-09-2024
Notification No. 63/2024-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

Date: 19-09-2024
Notification No. 62/2024-Customs (N.T.)
Amendment of Note 3 of Chapter 98 in the First Schedule to the Customs Tariff Act, 1975.

Date: 17-09-2024
Notification No. 25/2024-Central Excise
Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to reduce the Special Additional Excise Duty on production of Petroleum Crude.

Date: 13-09-2024
Notification No. 61/2024-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 06-09-2024
Notification No. 42/2024-Customs
Seeks to rescind Notification No. 26/2011-Customs, dated 01.03.2011



Exim Guru Copyright © 1999-2024 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001