{"id":20935,"date":"2022-10-02T12:00:30","date_gmt":"2022-10-02T12:00:30","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/us-bars-advanced-tech-firms-from-building-china-factories-for-10-years"},"modified":"2022-10-02T12:14:10","modified_gmt":"2022-10-02T12:14:10","slug":"us-bars-advanced-tech-firms-from-building-china-factories-for-10-years","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/us-bars-advanced-tech-firms-from-building-china-factories-for-10-years","title":{"rendered":"US bars \u2018advanced tech\u2019 firms from building China factories for 10 years"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>US tech companies that receive federal funding will be barred from building \u201cadvanced technology\u201d facilities in China for 10 years, the Biden administration has said.<\/p>\n

The guidelines were unveiled as part of a $50bn (\u00a343bn) plan aimed at building up the local semiconductor industry. It comes as business groups have pushed for more government support in an effort to reduce reliance on China. They are faced with a global microchip shortage which has slowed production.<\/p>\n

\u201cWe\u2019re going to be implementing the guardrails to ensure those who receive CHIPS funds cannot compromise national security\u2026 they\u2019re not allowed to use this money to invest in China, they can\u2019t develop leading-edge technologies in China\u2026.<\/p>\n

for a period of ten years,\u201d according to US Commerce Secretary Gina Raimondo. , explaining the US Chips and Science Act. \u201cCompanies who receive the money can only expand their mature node factories in China to serve the Chinese market.<\/p>\n

\u201d The US and China are locked in a long-running dispute over trade and technology.<\/p>\n

In August, US President Joe Biden had signed a law committing $280bn (\u00a3232bn) to high tech manufacturing and scientific research, amid fears that the US is losing its technological edge to China.<\/p>\n

The investments include tax breaks for companies that build computer chip manufacturing plants in the US. The US currently produces roughly 10% of the global supply of semiconductors, which are key to everything from cars to mobile phones, down from nearly 40% in 1990.<\/p>\n

The Chinese Embassy in Washington had opposed the semiconductor bill, calling it reminiscent of a \u201cCold War mentality. \u201d Some US chipmakers are already experiencing the impact of Washington\u2019s crackdown on selling US technology to China.<\/p>\n

Earlier this month, Nvidia and AMD were told by US officials to stop the sale of artificial intelligence chips to China. Dan Ives of Wedbush Securities called the restrictions a \u201cgut punch\u201d for Nvidia.<\/p>\n

\u201cThis is really a shot across the bow at China and it\u2019s really going to fan those flames in terms of geopolitical (tensions),\u201d Mr Ives had told.<\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. US tech companies that receive federal funding will be barred from building \u201cadvanced technology\u201d facilities in China for 10 years, the Biden administration has said. The guidelines were unveiled as part of a $50bn (\u00a343bn) plan aimed at building up the local semiconductor industry. It comes as business groups have pushed for […]<\/p>\n","protected":false},"author":84,"featured_media":20934,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,9,16],"tags":[233,245,171,241],"class_list":["post-20935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-miscellaneous","category-twitter","tag-africa-press","tag-africa-press-mauritius","tag-china","tag-mauritius"],"yoast_head":"\nUS bars \u2018advanced tech\u2019 firms from building China factories for 10 years - Mauritius<\/title>\n<meta name=\"description\" content=\"US tech companies that receive federal funding will be barred from building \u201cadvanced technology\u201d facilities in China fo ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/us-bars-advanced-tech-firms-from-building-china-factories-for-10-years\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US bars \u2018advanced tech\u2019 firms from building China factories for 10 years\" \/>\n<meta property=\"og:description\" content=\"US tech companies that receive federal funding will be barred from building \u201cadvanced technology\u201d facilities in China fo ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/us-bars-advanced-tech-firms-from-building-china-factories-for-10-years\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-02T12:00:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-02T12:14:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2022\/10\/postQueueImg_17.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"976\" \/>\n\t<meta property=\"og:image:height\" content=\"549\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/us-bars-advanced-tech-firms-from-building-china-factories-for-10-years#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/us-bars-advanced-tech-firms-from-building-china-factories-for-10-years\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"US bars \u2018advanced tech\u2019 firms from building China factories for 10 years\",\"datePublished\":\"2022-10-02T12:00:30+00:00\",\"dateModified\":\"2022-10-02T12:14:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/us-bars-advanced-tech-firms-from-building-china-factories-for-10-years\"},\"wordCount\":360,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/us-bars-advanced-tech-firms-from-building-china-factories-for-10-years#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2022\/10\/postQueueImg_17.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mauritius\",\"CHINA\",\"Mauritius\"],\"articleSection\":[\"all news\",\"homepage-english\",\"miscellaneous\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/us-bars-advanced-tech-firms-from-building-china-factories-for-10-years#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/us-bars-advanced-tech-firms-from-building-china-factories-for-10-years\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/us-bars-advanced-tech-firms-from-building-china-factories-for-10-years\",\"name\":\"US bars \u2018advanced tech\u2019 firms from building China factories for 10 years - 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