China’s export restrictions spark global panic in AI development

TL;DR Breakdown

  • China has announced its intention to impose export controls on metals primarily used in the production of semiconductors for artificial intelligence (AI) systems. 
  • The export controls specifically target eight gallium-related products, including gallium antimonide, gallium arsenide, gallium metal, gallium nitride, gallium oxide, gallium phosphide, gallium selenide, and indium gallium arsenide.
  • According to the statement, individuals exporting these products without proper authorization or in excess of the specified limits will face penalties.

Description

China has announced its intention to impose export controls on metals primarily used in the production of semiconductors for artificial intelligence (AI) systems. The Chinese Ministry of Commerce, in collaboration with the General Administration of Customs, released a joint statement on July 3, citing national security concerns as the motive behind these controls. The new … Read more

China has announced its intention to impose export controls on metals primarily used in the production of semiconductors for artificial intelligence (AI) systems. The Chinese Ministry of Commerce, in collaboration with the General Administration of Customs, released a joint statement on July 3, citing national security concerns as the motive behind these controls. The new regulations stipulate that a government-issued license will be required for the export of specific gallium and germanium products, with the controls set to take effect from August 1.

The export controls specifically target eight gallium-related products, including gallium antimonide, gallium arsenide, gallium metal, gallium nitride, gallium oxide, gallium phosphide, gallium selenide, and indium gallium arsenide. Additionally, six germanium products are covered, namely germanium dioxide, germanium epitaxial growth substrate, germanium ingot, germanium metal, germanium tetrachloride, and zinc germanium phosphide.

Gallium, a metal commonly used in electronics, finds extensive applications in semiconductors, transistors, lasers, and LEDs. Germanium is also essential in semiconductor manufacturing, as well as in solid-state electronics and fiber optic systems.

China restrictions

According to the statement, individuals exporting these products without proper authorization or in excess of the specified limits will face penalties. Notably, a 2023 report by the European Commission and the European Association of Critical Raw Materials Alliance (CRMA) reveals that China remains highly dominant in the global supply of germanium. Furthermore, over 80% of the world’s gallium is sourced from China, as reported by the CRMA.

This latest development comes in the wake of sanctions imposed by the United States in October 2022, which restricted Chinese developers’ access to advanced semiconductors, including Nvidia’s A100 chips and the latest H100 version. Although Nvidia’s A800 and H800 chips are currently available in the Chinese market, they are limited in terms of technology and can only support small-scale AI models. Consequently, Chinese companies have been actively seeking alternatives to overcome this lack of access.

Furthermore, US officials are reportedly considering additional restrictions on the exports of high-level AI chips to reinforce the existing limitations. Nvidia, a prominent semiconductor developer, has experienced a surge in chip value since the rise of AI. 

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:China’s export restrictions spark global panic in AI development

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月6日 10:39
Next 2023年7月6日 12:00

Related articles

  • Economic red flag as Eurozone business orders plummet

    TL;DR Breakdown Eurozone sees a significant decline in new business orders, the largest in almost three years. The HCOB flash composite purchasing managers’ index indicates the Eurozone is below the economic expansion mark. Euro value dipped against the US dollar after the PMI report release. Description It’s a chilling wind blowing through the financial districts of Europe. The Eurozone is sounding alarms left, right, and center. New orders have taken a nosedive, the most significant plunge in nearly three years. Businesses are on edge, investors are pulling back their chips, and every indicator out there suggests the Eurozone could be on … Read more It’s a chilling wind blowing through the financial districts of Europe. The Eurozone is sounding alarms left, right, and center. New orders have taken a nosedive, the most significant plunge in nearly three years. Businesses are on edge, investors are pulling back their chips, and every indicator out there suggests the Eurozone could be on the brink of a worrisome contraction. The Contraction Conundrum What’s alarming isn’t just the downturn itself. The HCOB flash composite purchasing…

    Article 2023年9月23日
  • ECB’s Schnabel sees worsened Eurozone growth outlook as inflation remains high

    TL;DR Breakdown ECB Executive Board member Isabel Schnabel has indicated that the Eurozone’s economic outlook is worse than initially projected in June.  The upcoming ECB meeting holds significant importance as recently released inflation data influences discussions. Description Isabel Schnabel, a member of the European Central Bank’s (ECB) Executive Board, has mentioned that the euro area’s economic outlook is worse than anticipated back in June. She also noted that underlying inflation continues to be persistently elevated. Underlining the difficulty that the present economic situation presents to policymakers, the individual responsible for overseeing markets … Read more Isabel Schnabel, a member of the European Central Bank’s (ECB) Executive Board, has mentioned that the euro area’s economic outlook is worse than anticipated back in June. She also noted that underlying inflation continues to be persistently elevated. Underlining the difficulty that the present economic situation presents to policymakers, the individual responsible for overseeing markets refrained from pledging any particular actions in September and remarked that it is currently uncertain whether borrowing expenses must be further increased. ECB’s high underlying inflation ensues Recent developments have…

    Article 2023年9月1日
  • Tornado Cash suffers governance hijack

    TL;DR Breakdown Tornado Cash encountered a slight setback after its governance was hijacked by an attack. The platform is seeking measures to salvage the situation. In a concerning development, Tornado Cash, a decentralized crypto mixer, has encountered a significant setback as an attacker managed to seize full control of the platform’s governance through a malicious proposal. The incident unfolded on May 20 at 3:25 ET when the attacker granted themselves 1.2 million votes, effectively taking over Tornado Cash’s governance system. This exploit occurred despite the proposal receiving over 700,000 legitimate votes, allowing the attacker to manipulate the platform at will. The attacker designed a malicious program to attack Tornado Cash The details of the attack were shared by @samczsun, a member of Paradigm, a research-driven technology investment firm. According to @samczsun, the attacker cunningly designed the malicious proposal to resemble a previously successful one, exploiting the trust and familiarity of the community. However, this time, the proposal included an additional function. Once the proposal gained sufficient votes, the attacker swiftly executed the emergency stop function, modifying the proposal logic to…

    Article 2023年5月22日
  • ICP’s Ledger Live Integration, Fragment of a Grand Vision

    Description The Internet Computer has brought about a new era of decentralized applications and transactions. Like many endeavors within the cryptocurrency domain, the Internet Computer Protocol (ICP) extends beyond offering a mere digital currency. The ICP token, accessible for acquisition and trading through platforms such as Coinbase, constitutes merely a fragment of a larger vision. This … Read more The Internet Computer has brought about a new era of decentralized applications and transactions. Like many endeavors within the cryptocurrency domain, the Internet Computer Protocol (ICP) extends beyond offering a mere digital currency. The ICP token, accessible for acquisition and trading through platforms such as Coinbase, constitutes merely a fragment of a larger vision. This article will provide a detailed guide on Ledger Live Integration with Internet Computer, the technical details, and the benefits. But first, what actually is Internet Computer? Contents hide 1 What is Internet Computer? 2 Ledger Live integration with Internet Computer 3 How to use Ledger Live with the Internet Computer 3.1 Initial set-up 3.2 Connecting the Ledger Live 3.3 How to receive Internet Computer (ICP) coins…

    Article 2023年8月29日
  • Binance Charts a Bold Legal Course: Eleanor Hughes Takes the Helm

    TL;DR Breakdown Eleanor Hughes, an accomplished legal professional with a stellar track record, has been appointed as Binance’s new General Counsel, a position where she’ll manage the company’s global legal affairs. Hughes will focus on collaboration with global regulators and policymakers, aiming to ensure consumer protection while promoting the growth and innovation of technology in the Web3 industry. Description In an exciting announcement, Binance, the world’s leading cryptocurrency exchange, declared the promotion of Eleanor Hughes to the position of General Counsel. An industry leader, Binance recognizes the immense expertise and drive Hughes brings to the table, boosting their continuous commitment to ethical global development within the evolving Web3 industry. Hughes will now guide Binance’s … Read more In an exciting announcement, Binance, the world’s leading cryptocurrency exchange, declared the promotion of Eleanor Hughes to the position of General Counsel. An industry leader, Binance recognizes the immense expertise and drive Hughes brings to the table, boosting their continuous commitment to ethical global development within the evolving Web3 industry. Hughes will now guide Binance’s legal affairs on a global scale, working hand…

    Article 2023年7月14日
TOP