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    Home»Forex»The Treasury Department is proposing a ban on several investments in Chinese semiconductor production
    Forex

    The Treasury Department is proposing a ban on several investments in Chinese semiconductor production

    msmarkBy msmarkJune 22, 2024No Comments1 Min Read
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    The United States is determined to dominate semiconductors and not let China catch up.

    • Proposed new rules restrict US investment in key sectors
    • The rules prohibit certain investments in advanced design, automation, manufacturing and packaging tools
    • Quantum computers and artificial intelligence have also been targeted
    • Proposes notification requirements for all other investments in Chinese AI system development

    The United States will use every tool at its disposal to prevent anyone else from getting into the chip and AI game. But remember that the United States banned Huawei, arrested the founder’s daughter, and banned the use of all technologies in its phones. However, within two years, the company replaced more than 13,000 parts and redesigned 4,000 circuit boards to get around US sanctions, something The Economist said Books about.

    It is difficult to bet against Chinese manufacturing and Beijing will certainly put all its weight behind catching up.

    The question is: Will they go to Taiwan going forward?

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