The fight for market supremacy continues between China and the US, with Biden’s latest strategic move towards the Chinese government
The Biden administration has made another setback against China, especially towards the Chinese market supremacy. We know well how the USA has many production bases on Western soil, but also how China itself for these reasons has had access to many US Based patents over the years, however, the situation has changed over time.
Global assets are taking a slightly different turn, and now Biden is looking to fortify American supremacy, with a new protocol of restrictions for the sale of chips and manufacturing machinery to Chinese soil. This move will not only undermine the financial and research side in terms of development, but also from a military perspective it will have implications. Clearly, however, China will not stand by and watch without taking action.
Biden: China’s access to US-based technologies is limited in the US
As reported by the Wall Street Journal in particular, it is Intel and Micron that arouse interest, which will have to possess a special license from the Department of Commercewhich should authorize them every single time for any exports.
This limitation comes precisely in conjunction with the new direction of investments that Intel and the Biden government has recently launched, which we talked about in this dedicated article. Where, clearly Biden’s US has thought about strengthening domestic production to guarantee, within a few years, market supremacy on the technology side, increasing technological competitiveness but also a form of autonomy from Chinese dependence. An interesting situation to be aware of for any economic solutions on the global market. If you want to continue to know the latest news from the hardware world, keep following us. Greetings from TechGameWorld.com.
The Biden article: China’s access to US-based technologies is limited in the US comes from TechGameWorld.com.