“Chip metals” .. China shows its strength ahead of economic talks with Washington

China has imposed restrictions on exports of two minerals that the United States says are critical to the production of semiconductors, missile systems and solar cells, in what the Wall Street Journal described as a show of greater power to set trade rules ahead of economic talks between the rivals. For technological dominance.

Gallium and germanium, two metals, and more than 36 other metals and other commodities will be subject to unspecified export restrictions starting Aug. 1, the Ministry of Commerce in Beijing said in a statement on Monday. Its report cited protection of interests and national security, and said some future export applications would require review by the State Council, the highest government body.

The paper says industry executives see export bans on gallium and germanium as retaliation for US restrictions on chips and other products.

According to the newspaper, competition between China and the United States is increasingly marked by export restrictions designed to slow other high-tech industries.

Business complaints about such restrictions, which both sides say are designed to protect national security, emerged before the return to high-level talks between the two governments, the newspaper said.

The issue will be in sharp focus when US Treasury Secretary Janet Yellen visits Beijing this weekend and Commerce Secretary Gina Raimondo makes an expected visit in the coming months.

The Wall Street Journal had no immediate comment from the U.S. Commerce Department, according to the newspaper.

And last October, the U.S. stopped exporting equipment used to produce technologically advanced semiconductors to China, replacing them with other allies like South Korea and the Netherlands, he explained.

See also  U.S. sanctions against Duma and representatives of the Russian defense establishment

According to the newspaper, Beijing has warned its companies to consider the national security implications of exporting to the United States, and has banned products made by Micron, America’s largest memory chips maker, from being used in critical information infrastructure companies. In China, the Americans reject Cold War-style protectionism promoted by Washington, while cautioning allies.

To make it harder for either side to act irresponsibly, the US and China are forcing both countries to produce things like semiconductors, a technology sector that is tantamount to mutually assured destruction.

The Wall Street Journal reported that US President Joe Biden’s administration is wooing manufacturers such as Samsung and Taiwan Semiconductor Manufacturing Co. to expand in the US, but is unlikely to persuade them to return to China.

New restrictions on gallium and germanium mainly affect specialty metals produced and refined in China, influencing some cutting-edge sectors.

Although neither gallium nor germanium are traded in large quantities, both have important uses for certain industries, he explained, particularly the production of semiconductors designed in the United States that are used in the U.S. despite being made in Taiwan and the South. Korea.

The move will have an immediate ripple effect on the semiconductor industry in the US, particularly with regard to high-performance chips, the newspaper said.

  • Rolf Colon

    "Creator. Award-winning problem solver. Music evangelist. Incurable introvert."

    Related Posts

    • World
    • January 11, 2024
    • 1074 views
    Japan is inspired by creative ideas to build earthquake-resistant homes

    For more than a century, Japan has been able to build earthquake-resistant homes on this island known for its severe earthquakes. Last week, after a 7.5-magnitude earthquake hit Ishikawa Prefecture…

    • World
    • January 10, 2024
    • 860 views
    More than 23 thousand martyrs.. Gaza health announced the new death toll news

    Today, Wednesday, the Ministry of Health in Gaza announced that the death toll from the Israeli occupation has risen to 23,357 martyrs, with 59,410 injured since the war began on…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    How to Choose the Right Mattress: Find the Best Fit for You

    How to Choose the Right Mattress: Find the Best Fit for You

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Forex Brokers Review: Is ITBFX A Safe Broker?

    Forex Brokers Review: Is ITBFX A Safe Broker?

    Best Kitchen Renovation Ideas to Upgrade Your Space

    Best Kitchen Renovation Ideas to Upgrade Your Space

    Where to Get a Professional Massage in Dubai

    Where to Get a Professional Massage in Dubai

    Dog Spay Surgery 101: Benefits, Risks, Cost, and Aftercare

    Dog Spay Surgery 101: Benefits, Risks, Cost, and Aftercare