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
Palestinian media: Israeli occupation forces storm the Old City in the center of Nablus, occupied West Bank
Local sources to Al Mayadeen: Sudanese army forces drones strike town of Kabkabiya, North Darfur.
Syrian Observatory: The plane is loaded with air defense systems and heavy weapons as part of US troop reinforcements to its bases in northeastern Syria
Syrian Observatory: US cargo plane lands with two military helicopters at Kharab al-Jir base in the countryside of Rmeilan, north of Hasakah
Miguel Díaz-Canel to Gustavo Petro: US seeks to reimpose the Monroe Doctrine in its relations with sovereign states in Latin America and the Caribbean.
The Abu Ali Mustapha Brigades, the military wing of the PFLP, says they handed over the body of an Israeli captive to the Israeli occupation forces in implementation of the clauses of the ceasefire agreement.
Al Mayadeen correspondent: Israeli drones are flying over the presidential palace in Baabda, Mount Lebanon, and over the skies of the capital, Beirut, and its suburbs.
Al Mayadeen's correspondent in South Lebanon: Israeli warplanes launch a series of raids on the al-Mahmoudiya and Jarmaq areas
Trump reiterates proposal for Russia and Ukraine to stop at current front line, negotiate later
Reuters: Trump says no discussion regarding Ukraine ceding Donbas to Russia

IMF: US curbs on Chinese chip technology harm global economy

  • By Al Mayadeen English
  • Source: Agencies
  • 31 Jan 2023 09:26
3 Min Read

The IMF is looking into these trends in the semiconductor sector and trying to figure out what they mean for the global economy.

  • x
  • Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. (REUTERS)
    Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. (Reuters)

The International Monetary Fund's (IMF) Chief Economist and Director of the Research Department Pierre-Olivier Gourinchas warned that trade curbs on China's microchip industry could be harmful to the global economy.

When asked about the impact of Japan and the Netherlands agreeing to adopt certain US export restrictions on China's chip-making industry, Gourinchas said, "Our analysis suggests that such reshoring... would be something that potentially could be harmful to the global economy."

Gournichas went on to say that the IMF is looking into these trends in the semiconductor sector and trying to figure out what they mean for the global economy.

The IMF official reiterated that their preliminary analysis indicates that moves by the US and its allies will not necessarily result in stronger growth.

Gournichas' remarks came just one day after Washington reached an agreement with the Netherlands and Japan to force anti-China chip restrictions, which limits both countries' exports of advanced chip-making equipment to Beijing as the US furthers its hostility against the Asian giant's semiconductor industry.

Related News

LDP's Sanae Takaichi poised to become Japan’s next prime minister

Japan’s Takaichi courts right-wing allies in bid for premiership

Semiconductors, more commonly known as chips, are a highly pivotal component in the defense industry, especially as it shifts and takes a more modern approach that delves into the futuristic realms requiring advanced semiconductors, which are key in manufacturing many things, from computers to autonomous vehicles, and even hypersonic weapons. 

Earlier in December, China filed a case with the World Trade Organization, hitting back against US export sanctions on microchips.

China's ministry of commerce said its WTO complaint was a legal and necessary measure to defend its "legitimate rights and interests."

A RAND Corporation report issued back in February 2022 highlighted how China's current defense systems use less sophisticated chips made in China, meaning the US sanctions will not have an effect on Beijing's military capabilities, and that the damage will be limited.

Though this is costly for China and will cause strain on its resources, the PRC is fully capable of producing its own cutting-edge chips. However, production is projected to be just enough to fulfill its needs instead of it being for market consumption.

If anything, US chip firms will bear the brunt of their own country's decisions, especially as China serves as their largest market, accounting for 33%, 31%, and 27% of Applied Materials, Lam Research, and Intel, respectively.

Read more: US sanctions on chips not to hamper China military capabilities

  • Japan
  • Global economy
  • Netherlands
  • chip technology
  • Chinese chips

Most Read

Iran strikes secret Israeli-US bunker under Tel Aviv high-rise

Tel Aviv high-rise struck by Iran hid Site 81, secret US-Israeli base

  • Politics
  • 14 Oct 2025
Yemeni Armed Forces Chief of Staff Major General Mohammad Abd al-Karim al-Ghamari , during a ceremony in an undisclosed locations in Yemen, undate (Yemeni Military Media)

Yemeni Armed Forces mourn martyred Chief of Staff al-Ghamari

  • Politics
  • 16 Oct 2025
Israeli occupation violates Gaza ceasefire, killing seven Palestinians.

Israeli occupation violates Gaza ceasefire, kills seven Palestinians

  • Politics
  • 14 Oct 2025
Zionists Fundamentally Misread Iran Due To Their Own Echo Chambers

Zionists fundamentally misread Iran due to their own echo chambers

  • Analysis
  • 15 Oct 2025

Coverage

All
War on Gaza

Read Next

All
UK blocks release of documents on secretive Lammy-Sa’ar meeting.
Politics

UK blocks release of documents on secret Lammy-Sa’ar meeting

Colombia slams Trump’s drug accusation, defends sovereignty
Politics

Colombia slams Trump’s incendiary drug claims, defends sovereignty

The abuse was detailed in Giuffre's memoir "Nobody's Girl: A Memoir of Surviving Abuse and Fighting for Justice." (AP)
Politics

Epstein victim recounts choking, sexual assault by 'well-known PM'

The US Secret Service discovered a hunting stand near the airport President Donald Trump uses in Florida. (US Secret Service)
Politics

FBI probes hunting stand with sightline to Trump’s Air Force One exit

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