The Biden administration is considering the possibility of a fresh one Export slows that down would limit China’s access to some of the most powerful new computing technologies, including quantum computing and artificial intelligence, Bloomberg reported, citing sources.
Industry experts are working on how to set the parameters for the limitations of this evolving technology report said, adding that the new ideas have been shared with US allies.
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Quantum computing, an emerging field, seeks to dramatically increase the power and speed of computing, which would enable machines to solve problems beyond the capacity of today’s generation of computers. companies like Microsoft Corporation MSFT, alphabet inc Google WELLIIntel Corporation INTC and IBM IBM invest millions of dollars in quantum projects.
Sanctions imposed by the Biden administration prevent the export of chip fabrication tools and design software and ban top companies such as Taiwan Semiconductor Manufacturing Co. TSM and samsung electronics co ltd SSNLF from manufacturing state-of-the-art chips for Chinese companies. The sanctions also require that any US citizen working in China’s semiconductor industry quit their job or risk losing US citizenship.
China’s Ministry of Industry and Information Technology reportedly convened a series of emergency meetings with leading semiconductor companies last week to assess the damage from the Biden government’s chip restrictions and pledge support for the critical sector.
Ministry officials seemed unsure of how to proceed. While they gave no indication of possible countermeasures, they stressed that the domestic IT market would provide sufficient demand for the affected companies to continue operations, the report added.
Continue reading: Tensions between US and China heat up: Chinese chipmakers bleed while US sharpens knives
