Biden Administration Imposes Export Prohibition on China in Quantum and Chip-related Technologies: Business Standard

In a bold move against China, the Biden administration has announced plans to impose export restrictions on key technologies, including quantum computing and semiconductor chips. The decision comes as tensions between the two global superpowers continue to escalate.

The export prohibition, which is set to target Chinese companies involved in these critical industries, is aimed at curbing China’s technological advancement and preventing the country from gaining a competitive edge in these key sectors. The move is also seen as a way to protect American interests and national security.

Quantum computing and semiconductor chips are considered vital technologies that have the potential to revolutionize various industries, from healthcare to finance. By restricting China’s access to these technologies, the Biden administration hopes to maintain America’s technological leadership and prevent sensitive information from falling into the wrong hands.

The announcement of the export prohibition is likely to further strain relations between the US and China, which have already been fraught with disputes over trade, human rights, and security issues. It remains to be seen how China will respond to this latest development and what impact it will have on the global tech industry.

Overall, the Biden administration’s decision to hit China with export restrictions on quantum and chip-related technologies underscores the ongoing power struggle between the two countries and highlights the importance of technology in shaping the future of international relations.