America's Export Ban On High-Performance Chips Is A Big Loss To China

The move of America has created a problem in front of China. The US has banned the export of high-performance chips, which will make it difficult for China to acquire the technology. This may further increase the already ongoing tension between the two countries. The US has banned the export of these chips to China on behalf of Nvidia and Advanced Micro Devices (AMD). These chips are used to run artificial intelligence applications and in data centers. The US ban on these will make it difficult for Chinese firms to meet the needs of advanced technology.

America has increased efforts to block China's access to advanced technology. Some US security experts say that before this, China and Russia had no restrictions on the export of such technology. In view of the threat from these countries, there was a need to take such a step. Shares of Nvidia and AMD fell after the announcement of a ban on exports of advanced chips. Whereas, Nvidia later said that it has received permission to fulfill orders for chips from its Hong Kong plant. Intel, one of the big technology companies, is investing in blockchain technology with a new chip. The company claims that it is about 1,000 times faster than other chips. A few months ago Intel reported that the new crypto mining chip would be available later this year.