2023-10-17 16:52:17
The American Secretary of Commerce, Gina Raimondo, unveiled on Tuesday October 17 a series of new restrictions on the export of semiconductors to China, which caused the shares of all the American giants of the sector to fall on Wall Street. These measures are part of a series of initiatives taken by the government of Donald Trump, then by that of Joe Biden, to limit the access of Chinese companies to advanced equipment purchased abroad.
Tuesday’s announcements constitute an expansion of the list of affected elements, semiconductors and the machines used to manufacture them, according to a press release from the Ministry of Commerce.
According to Minister Gina Raimondo, this is to prevent their use by China for military purposes and “to respond to threats posed to national security” the United States.
The export of the most efficient chips, in particular those used for the development of artificial intelligence, is subject to the granting of a license by the American authorities.
“Risks of penalizing the semiconductor ecosystem”
The Semiconductor Industry Association of America (SIA) warned Tuesday that “overly extensive and unilateral control measures risk penalizing the American semiconductor ecosystem, without improving national security, because they encourage foreign customers to source elsewhere”.
The SIA called on the US government to “strengthen its coordination with its partners to ensure that market conditions are fair for all companies”.
This new turn of the screw by the American authorities alarmed investors, who targeted the American flagships of the sector. Around 5:10 p.m. in Paris, Nvidia, Wall Street superstar this year thanks to its very favorable positioning in the field of so-called generative artificial intelligence, dropped 4.89%. Its competitors AMD (– 1.30%), Intel (– 2.27%), Broadcom (– 2.68%) or Qualcomm (– 0.60%) were all operating in the red.
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