#BNBChainMeme #USChinaTensions

Is America Losing the Semiconductor Market to China?

The Biden administration is trying to restrict exports of strategically important computer chips to China, but experts say these efforts could backfire and fuel innovation in Chinese companies, helping them gain control of the global semiconductor market.

French news agency AFP quoted Jack Gold as saying that what is actually happening is that "the U.S. government is giving a big win to China by pushing their semiconductor-related businesses forward," adding, "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 have lost.

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 expects to drain up to $800 million from the company's net profits, according to documents filed with the U.S. Securities and Exchange Commission.

$TAO