War for chips: American companies were banned to build factories in China

Biden administration said that American technological companies receiving federal financing will be prohibited from building objects of “advanced technologies” in China over the next 10 years, BBC reports.

The ban is part of the plan worth 50 billion dollars aimed at developing its own semiconductor industry. American corporations require the state more support to reduce dependence on Chinese manufacturers. They have already encountered global lack of microchips, which slowed down.

“We are going to install barriers so that those who receive funds for the program for supporting chips manufacturers cannot jeopardize national security, – said US Minister Gina Raymondo, commenting on the new US law” On Microchips and Science. ” – They It is not allowed to use these funds for investment in China, they will not be able to develop advanced technologies in China for a period of ten years. “

In August of this year, US President Joe Biden signed a law on the allocation of $ 280 billion for high -tech production and scientific research amid fears that the United States is gradually inferior to China’s technological championship. The United States currently produce approximately 10% of semiconductors in the world compared to almost 40% in 1990. China, on the contrary, increased its share to almost 10%, in 2020 bypassing Taiwan and closely approaching Japan and the EU in terms of production. Microcircuits are needed today everywhere – from cars to mobile phones.

In early September, US officials banned the leading manufacturers of NVIDIA and AMD chips to sell their products to create artificial intelligence. Commenting on the ban, Deng Ives from the analytical center Wedbush Securities called the restrictions “a blow under the breath” for nvidia.