US is constantly assessing expansion of export controls on chips that could boost China's military
1 year ago

US is constantly assessing expansion of export controls on chips that could boost China's military

Associated Press  

MANILA, Philippines — The United States is constantly assessing the need to expand export controls to stop China from acquiring advanced computer chips and manufacturing equipment that could be used to boost its military, U.S. Commerce Secretary Gina Raimondo said Monday. Last year, the U.S. Commerce Department broadened the export controls, sparking protests from China’s Commerce Ministry that the restrictions violated international trade rules and “seriously threaten the stability of industrial supply chains.” China said it would take “all necessary measures” to safeguard its rights and interests and urged Washington to lift the export control as soon as possible. The U.S. Commerce Secretary says Washington is constantly reviewing the need to expand export controls to stop China from acquiring advanced computer chips and manufacturing equipment that can be used to boost China’s military. We have no interest to de-couple our economies,” she said, but added, “We cannot allow China to have access, for their military advancement, to our more sophisticated technology.” Raimondo said she was sent by President Joe Biden to Manila with a delegation of executives from 22 American companies, which she said plan to invest about $1 billion in the Philippines, Washington’s oldest treaty ally in Asia.

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