US plans new tech sanctions on China – Danske Bank
Source Fxstreet
The Biden administration is weighing new tech sanctions on China to restrict its’ AI development, Danske Bank’s Chief Analyst Allan Von Mehren and Chief Analyst Minna Kuusisto note.
US to restrict China using cutting-edge AI technology
“The Biden administration considers new sanctions against China’s AI development industry. The measures on the table regard a cutting-edge chip architecture know as GAA (gate all-around), which helps improve chip performance and reduces power consumption. The US will probably continue to take measures to hold back China’s AI and chip development going forward.”
“The question is how will China respond? It could get more serious with export controls on for example rare earth minerals. But it remains to be seen how much China retaliates.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Insights – On November 21, Chinese e-commerce giant Pinduoduo (PDD) will release its Q3 2024 earnings.
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
As of the Asian session on July 14, gold ( XAUUSD) prices consolidated around the $4,000 mark, briefly slipping below $4,000 intraday to hit a low of $3,983.23. Looking at the market acti
WTI rises as Trump's threats strikes on IranWest Texas Intermediate (WTI) oil price extends its gains for the third successive day, trading around $79.20 per barrel during the Asian hours on Wednesday. Crude oil prices have climbed following threats from US President Donald Trump regarding additional military strikes on Iran.
West Texas Intermediate (WTI) oil price extends its gains for the third successive day, trading around $79.20 per barrel during the Asian hours on Wednesday. Crude oil prices have climbed following threats from US President Donald Trump regarding additional military strikes on Iran.
