America and China's $574 billion chip war has already scored 'extraordinary success' for Joe Biden
Last October was the starting gun in a whole new race between the U.S. and China, and this summer marked a midway point of sorts. From the vantage point of Kevin Klyman, a technology policy researcher at Harvard University, “it has gone quite well for the Biden administration in terms of getting foreign partners on board.”
He was talking, of course, about semiconductor chips, the magical tiny structures that power everything from computers to computerized cars and are becoming something like the oil of the 21st century.
President Joe Biden set the clock racing on Oct. 7 with a set of export controls that sought to restrict China’s procurement of highly advanced chips and the computers containing them. Also, they didn’t just target the cutting-edge chips but the tools that could be used to make them, such as Netherlands-based ASML’s state-of-the-art lithography machine.
That’s a serious barrier preventing China from developing its own models of the most advanced chips. And America’s Dutch and Japanese allies have come on board, stunning experts like Klyman.
“It has been an extraordinary success beyond anyone's wildest dreams that the Netherlands and Japan have joined U.S. export controls to the hilt.” Klyman told Fortune. “That was not what outside analysts expected.”
At: https://www.msn.com/en-us/news/world/america-and-china-s-574-billion-chip-war-has-already-scored-an-extraordinary-success-beyond-anyone-s-wild-dreams-for-joe-biden/ar-AA1gaAxv
President Joe Biden signs the CHIPS and Science Act in August 2022.
The policy has been credited with reversing a longstanding trend toward growing U.S. dependence on Chinese-made chips and semiconductors.
Export controls, moreover, have impeded China's access to cutting-edge Western technology.
