The US May Pay a Price for Escalating its Chip War on China - Bloomberg

The US May Pay a Price for Escalating its Chip War on China - Bloomberg The US is escalating a chip war against China. But first... Three things you need to know today: • China restricted exports of chipmaking metals • Multiple lawsuits accused Twitter of ducking layoff fights • Rivian surged after quarterly production beat expectations A US chip crusade Washington has over the past year landed several decisive blows against Beijing in its fight to suppress China’s technology ambitions. After banning Nvidia Corp.’s most powerful artificial intelligence chips from Chinese firms and striking agreements with Japan and the Netherlands to also withhold advanced gear, I thought Washington was done. I was wrong. It’s becoming clear the Biden administration is turning the heat up several more notches, regardless of any retaliatory measures China may threaten or adopt. Again and again, I think back to US National Security Advisor Jake Sullivan’s comments last September that the US intends to keep “as large of a lead as possible” when it comes to certain technologies, including semiconductors.