This Chinese Chip Company Exploits Key Gap In Biden's Export Curbs

 The Biden administration's sweeping regulations that curb the sale of semiconductors and chipmaking equipment to China and pull American workers out of the country appear to have a gap that one Chinese chip designer is exploiting

• Bloomberg said Chinese startup Biren Technology had developed artificial intelligence chips that compete with graphics chips from Nvidia
• The new Chinese chip's specs fall just short of Biden's restriction, which may suggest Washington's ability to annihilate China's chip industry doesn't entirely limit all alternatives to Nvidia's hardware.

China is retaliating

• In response to Washington's latest restrictions, China's Ministry of Industry and Information Technology summoned executives from the country's top chip firms for emergency meetings this week to evaluate the damage.
• The Biden administration is exploring new export controls that would limit China to quantum computing and artificial intelligence software.

https://www.zerohedge.com/geopolitical/chinese-chip-company-exploits-key-gap-bidens-export-curbs