America’s economic statecraft
The Biden administration is determined to challenge China’s high-tech aspirations. After a series of smaller moves, it has in recent months launched new export controls that broaden and deepen its denial of semiconductor technology to China in dramatic fashion.The rules add three big restrictions. First, they go beyond targeting specific companies and now start by denying exports to China of any chips that perform above a certain threshold. Second, they prevent any American citizen, green-card holder or company that does not have a licence to do so from working with any Chinese company to manufacture chips. Third, the new rules restrict the use of American tools, equipment or software anywhere in the world to manufacture and export advanced chips to China.… Seguir leyendo »