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What will be the impact of US export restrictions on China's AI industry by the end of 2025?
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Story
Biden, Commerce Dept. Target Chip Exports to China
Dec 2, 2024, 01:20 PM
The Biden administration, through the Commerce Department, has implemented a new crackdown on semiconductor exports to China, marking a significant escalation in the ongoing technology and trade tensions between the two nations. This move comes as President Joe Biden prepares to leave office ahead of Donald Trump’s second term. The restrictions target advanced chips critical to artificial intelligence and other high-tech industries, aiming to curb China’s technological advancements. The policy reflects the broader U.S. strategy to maintain its competitive edge in emerging technologies while addressing national security concerns.
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