Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted

China urges US to 'think twice' about investment ban in tech sector

  • By Al Mayadeen English
  • Source: Agencies
  • 29 Sep 2023 14:10
3 Min Read

The specified aim of Biden's order is intended to safeguard national security and prevent US capital from contributing to China's alleged military endeavors.

  • x
  • AP photo
    Visitors walk past a display from Chinese technology firm Alibaba at the PT Expo in Beijing, on Sunday, June 4, 2023. The annual expo showcases Chinese and foreign technology firms. (AP Photo/Mark Schiefelbein)

Chinese state television reported on Friday that China's International Trade Council has officially requested the US to "carefully consider" regulations that prohibit or limit US investments in China's technology sector.

Last month, US President Joe Biden issued an executive order that prohibits or imposes limitations on investments in Chinese companies engaged in semiconductors, microelectronics, quantum information technologies, and specific artificial intelligence systems.

According to state television, the China Council for the Promotion of International Trade, overseen by the Ministry of Commerce, expressed concerns that the order establishes "vague and broad restrictions" on investors and transaction categories, without distinguishing between military and civilian purposes.

"That not only gives rise to transaction risks and compliance cost...but also damages the highly inter-dependent global industrial chain," the chamber added.

The specified aim of Biden's order is allegedly intended to "safeguard national security" and prevent US capital from contributing to what the US considers as China's alleged military endeavors.

US financial institutions, requested to submit their feedback by the September 28 deadline, are also advocating for more explicit guidelines concerning the proposed regulations. They assert that the rules are overly ambiguous and place the responsibility for compliance squarely on investors.

The guardrails are expected to go into force sometime next year.

Read more: US tech war against China suggests its own undoing

The matter comes to light amid a global trade the US has been waging against China for several years now.

Related News

Former Biden spox. Matthew Miller says 'Israel' committed war crimes

FBI reopens investigations from Biden era, including WH cocaine file

The US says products made by its companies are being utilized in Chinese military and surveillance programs, prompting the government to offer incentives, including grants and tax credits, for chip makers who start up their operations in the US.

However, the US still benefits from setting up factories in China as companies utilize favorable conditions to source raw materials and package and assemble their products in the country.

Observers argue that Washington's tech war against China could end up backfiring and fuel the Chinese drive to independently develop their own IT hardware and solutions, while US companies would be deprived of large profits from the largest chip market in the world.

Read more: US giant Micron chooses profit, announces 'commitment to China': FT

On September 26, the South China Morning Post reported that China is reportedly preparing to construct artificial intelligence (AI) chip factories equipped with particle accelerators to produce its own cutting-edge laser source. 

According to SCMP, the accelerator's electron beam will undergo a transformation into a "high-quality" light source, essential for the on-site production of AI semiconductor chips.

The initiative has reportedly brought together a team of scientists from Tsinghua University, who are in active discussions with authorities in the Xiongan New Area to identify the most suitable location for the construction of these advanced chip factories.

By harnessing particle accelerators in the semiconductor manufacturing process, China seeks to reduce its reliance on foreign technologies, a move deemed critical for its economic autonomy, especially amid Western attempts to limit China's technological advance.

This development could potentially serve as a strategic workaround for current sanctions imposed on China by the US.

Read more: Huawei's latest smartphone chip deals a blow to US sanctions

  • Biden administration
  • US
  • Tech war
  • China
  • CHIPS act

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS