Days after pushing for sweeping AI chip export restriction, the Biden administration has added an additional 14 Chinese companies to its restricted trade list. This brings the full list up to 25 names, according to reporting from The Associate Press. Sophgo is, perhaps, the highest profile addition. An entity of Bitmain, the firm sparked international […] © 2024 TechCrunch. All rights reserved. For personal use only.
The Biden administration continues to tighten restrictions on trade with China, adding 14 more companies to a list of firms barred from accessing US technology. This move follows recent actions like restricting AI chip exports and enforcing sanctions on Huawei, reflecting a continued tough stance on China's technological advancement. The article discusses the motivations behind these actions, highlighting concerns about national security and competition in the AI race, while also touching on the potential consequences for innovation and global market dynamics.
The Biden administration continues to tighten restrictions on trade with China, adding 14 more companies to a list of firms barred from accessing US technology. This move follows recent actions like restricting AI chip exports and enforcing sanctions on Huawei, reflecting a continued tough stance on China's technological advancement. The article discusses the motivations behind these actions, highlighting concerns about national security and competition in the AI race, while also touching on the potential consequences for innovation and global market dynamics.
