Forex – The Biden administration is imposing new export controls on critical technologies including quantum computing and semiconductor products as China makes progress in the global chip industry.
The rules, published by the U.S. Department of Commerce, cover quantum computers and components; advanced chip manufacturing tools; certain components and software related to metals and metal alloys; and high-bandwidth chips, a critical component for artificial intelligence applications.
The ministry cited “national security and foreign policy reasons” for the breakthrough and said it was the result of extensive discussions with international partners.
These restrictions cover exports worldwide, but add exemptions for countries that add peer controls, as Japan and the Netherlands have done in the past.
The department’s Bureau of Industry and Security (BIS) expects more countries to take similar action. “Today’s action ensures that our national export controls keep pace with rapidly evolving technologies and are more effective when working with international partners,” the office’s secretary, Alan Estevez, said in a statement. “Aligning our controls on quantum and other advanced technologies makes it significantly more difficult for our adversaries to develop and use these technologies in ways that threaten our collective security.”
