<p>China on Saturday criticized the latest US decision to tighten export controls that would make it harder for China to obtain and manufacture advanced computing chips, calling it a violation of international economic and trade rules that will “isolate and backfire” on the US.</p>.<p>“Out of the need to maintain its sci-tech hegemony, the US abuses export control measures to maliciously block and suppress Chinese companies,” said Foreign Ministry spokeswoman Mao Ning.</p>.<p>“It will not only damage the legitimate rights and interests of Chinese companies, but also affect American companies' interests,” she said.</p>.<p>Mao also said that the US “weaponisation and politicisation” of science and technology as well as economic and trade issues will not stop China's progress.</p>.<p>She was speaking after the US on Friday updated export controls that included adding certain advanced, high-performance <a href="https://www.deccanherald.com/international/world-news-politics/us-tightens-chip-export-controls-to-china-1151757.html" target="_blank">computing chips</a> and semiconductor manufacturing equipment to its list, as well as new license requirements for items that would be used in a supercomputer or for semiconductor development in China.</p>.<p>The US said that the export controls were added as part of ongoing efforts to protect US national security and foreign policy interests.</p>.<p>US-China relations have deteriorated in recent years over technology and security issues. The US has implemented a raft of measures and restrictions designed to prevent China from obtaining chip technology, while China has earmarked billions for investment into the production of semiconductors.</p>.<p>The tensions have impacted semiconductor companies in the US and globally which either export chips or manufacture chips in China. Semiconductor companies such as Nvidia and AMD has seen a 40% decline in stock price over the past year.</p>.<p>“We understand the goal of ensuring national security and urge the US government to implement the rules in a targeted way—and in collaboration with international partners—to help level the playing field and mitigate unintended harm to US innovation,” the Semiconductor Industry Association, which represents US semiconductor industry, said in a statement.</p>
<p>China on Saturday criticized the latest US decision to tighten export controls that would make it harder for China to obtain and manufacture advanced computing chips, calling it a violation of international economic and trade rules that will “isolate and backfire” on the US.</p>.<p>“Out of the need to maintain its sci-tech hegemony, the US abuses export control measures to maliciously block and suppress Chinese companies,” said Foreign Ministry spokeswoman Mao Ning.</p>.<p>“It will not only damage the legitimate rights and interests of Chinese companies, but also affect American companies' interests,” she said.</p>.<p>Mao also said that the US “weaponisation and politicisation” of science and technology as well as economic and trade issues will not stop China's progress.</p>.<p>She was speaking after the US on Friday updated export controls that included adding certain advanced, high-performance <a href="https://www.deccanherald.com/international/world-news-politics/us-tightens-chip-export-controls-to-china-1151757.html" target="_blank">computing chips</a> and semiconductor manufacturing equipment to its list, as well as new license requirements for items that would be used in a supercomputer or for semiconductor development in China.</p>.<p>The US said that the export controls were added as part of ongoing efforts to protect US national security and foreign policy interests.</p>.<p>US-China relations have deteriorated in recent years over technology and security issues. The US has implemented a raft of measures and restrictions designed to prevent China from obtaining chip technology, while China has earmarked billions for investment into the production of semiconductors.</p>.<p>The tensions have impacted semiconductor companies in the US and globally which either export chips or manufacture chips in China. Semiconductor companies such as Nvidia and AMD has seen a 40% decline in stock price over the past year.</p>.<p>“We understand the goal of ensuring national security and urge the US government to implement the rules in a targeted way—and in collaboration with international partners—to help level the playing field and mitigate unintended harm to US innovation,” the Semiconductor Industry Association, which represents US semiconductor industry, said in a statement.</p>