Understanding the ripple effects of US chip controls on China

Understanding the ripple effects of US chip controls on China

FILE PHOTO: A central processing unit (CPU) semiconductor chip is displayed among flags of China and U.S., in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo

The US’ latest sweeping crackdown on China’s semiconductor industry will have a limited negative impact on Chinese companies, but potentially accelerate the country’s development of cutting-edge technologies, according to industry insiders and experts.