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Is America losing the semiconductor market to China?

The administration of the U.S. president is trying to restrict exports of strategically important computer chips to China, but experts say that these efforts may backfire and fuel innovation in Chinese companies, helping them to dominate the global semiconductor market.

Agence France-Presse reported Jack Gold saying that what is happening is that "the U.S. government is giving a major victory to China as it pushes their semiconductor-related businesses forward." Gold added, "Once they achieve competitiveness, they will start selling around the world, and people will buy their chips."

He explained that when this happens, it will be difficult for American semiconductor manufacturers to regain the market share they lost.

The prominent American semiconductor company "Nvidia" and its competitor "AMD" informed regulators this week that they expect to face significant financial damage due to new U.S. licensing conditions for semiconductors exported to China.

Nvidia expects the new rules to cost it $5.5 billion, while AMD anticipates that it will drain up to $800 million from the company’s net profits, according to documents filed with the U.S. Securities and Exchange Commission.

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