This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.bbc.co.uk/news/62803224
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| US bars 'advanced tech' firms from building China factories for 10 years | US bars 'advanced tech' firms from building China factories for 10 years |
| (6 months later) | |
| US Commerce Secretary speaks at White House briefing | US Commerce Secretary speaks at White House briefing |
| US tech companies that receive federal funding will be barred from building "advanced technology" facilities in China for 10 years, the Biden administration has said. | US tech companies that receive federal funding will be barred from building "advanced technology" facilities in China for 10 years, the Biden administration has said. |
| The guidelines were unveiled as part of a $50bn (£43bn) plan aimed at building up the local semiconductor industry. | The guidelines were unveiled as part of a $50bn (£43bn) plan aimed at building up the local semiconductor industry. |
| It comes as business groups have pushed for more government support in an effort to reduce reliance on China. | It comes as business groups have pushed for more government support in an effort to reduce reliance on China. |
| They are faced with a global microchip shortage which has slowed production. | They are faced with a global microchip shortage which has slowed production. |
| "We're going to be implementing the guardrails to ensure those who receive CHIPS funds cannot compromise national security... they're not allowed to use this money to invest in China, they can't develop leading-edge technologies in China.... for a period of ten years," according to US Commerce Secretary Gina Raimondo., explaining the US Chips and Science Act. | "We're going to be implementing the guardrails to ensure those who receive CHIPS funds cannot compromise national security... they're not allowed to use this money to invest in China, they can't develop leading-edge technologies in China.... for a period of ten years," according to US Commerce Secretary Gina Raimondo., explaining the US Chips and Science Act. |
| "Companies who receive the money can only expand their mature node factories in China to serve the Chinese market." | "Companies who receive the money can only expand their mature node factories in China to serve the Chinese market." |
| The US and China are locked in a long-running dispute over trade and technology. | The US and China are locked in a long-running dispute over trade and technology. |
| US chip makers hit by new China export rule | US chip makers hit by new China export rule |
| US tries to take on China with huge tech investment | US tries to take on China with huge tech investment |
| Chips and China: concerns over UK factory buyout | Chips and China: concerns over UK factory buyout |
| In August, US President Joe Biden had signed a law committing $280bn (£232bn) to high tech manufacturing and scientific research, amid fears that the US is losing its technological edge to China. | In August, US President Joe Biden had signed a law committing $280bn (£232bn) to high tech manufacturing and scientific research, amid fears that the US is losing its technological edge to China. |
| The investments include tax breaks for companies that build computer chip manufacturing plants in the US. | The investments include tax breaks for companies that build computer chip manufacturing plants in the US. |
| The US currently produces roughly 10% of the global supply of semiconductors, which are key to everything from cars to mobile phones, down from nearly 40% in 1990. | The US currently produces roughly 10% of the global supply of semiconductors, which are key to everything from cars to mobile phones, down from nearly 40% in 1990. |
| The Chinese Embassy in Washington had opposed the semiconductor bill, calling it reminiscent of a "Cold War mentality." | The Chinese Embassy in Washington had opposed the semiconductor bill, calling it reminiscent of a "Cold War mentality." |
| Some US chipmakers are already experiencing the impact of Washington's crackdown on selling US technology to China. Earlier this month, Nvidia and AMD were told by US officials to stop the sale of artificial intelligence chips to China. | Some US chipmakers are already experiencing the impact of Washington's crackdown on selling US technology to China. Earlier this month, Nvidia and AMD were told by US officials to stop the sale of artificial intelligence chips to China. |
| Dan Ives of Wedbush Securities called the restrictions a "gut punch" for Nvidia. | Dan Ives of Wedbush Securities called the restrictions a "gut punch" for Nvidia. |
| "This is really a shot across the bow at China and it's really going to fan those flames in terms of geopolitical (tensions)," Mr Ives had told teh BBC. | "This is really a shot across the bow at China and it's really going to fan those flames in terms of geopolitical (tensions)," Mr Ives had told teh BBC. |
| You may also be interested in: | You may also be interested in: |
| Watch: How the semiconductor shortage could be a problem for you | Watch: How the semiconductor shortage could be a problem for you |
| Watch: How the semiconductor shortage could be a problem for you | Watch: How the semiconductor shortage could be a problem for you |
| Related Topics | |
| Companies | |
| China | |
| United States |