The US and its allies are increasingly restricting China’s ability to import key technologies, especially advanced semiconductors and the machines that make them. In the latest development,
The US may expand those restrictions as it finalises them this year, including by adding limits on the chips that AI leader Nvidia Corp can sell without a licence.The US has tried to persuade key allies to join the effort against China because a prohibition on American companies alone would allow Chinese companies to turn to foreign competitors for supply.
Leaders of companies like Nvidia and Intel Corp say they’re not just worried about lost sales. During meetings in Washington in July, Intel’s Pat Gelsinger, Nvidia’s Jensen Huang and Qualcomm Inc’s Cristiano Amon warned that export controls risk harming US leadership in the industry. Some analysts expect the industry will double in value this decade. Spending on research and development for chips is dominated by US companies, with more than half the total.
TSMC almost single-handedly created the business of building chips designed by others, one that was embraced as the cost of new plants skyrocketed. Big customers like Apple Inc gave TSMC the massive volume to build industry-leading expertise, and now the world relies on it.
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