Shocking! China Offers High Salaries to Smuggle Advanced Chips Amidst Strict U.S. Export Controls

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On October 17, the U.S. government updated its export control regulations on AI chips, declaring its latest strategy to prevent Beijing from obtaining cutting-edge technology to bolster its military and surveillance capabilities. This means ceasing shipments of advanced AI chips designed by companies like Nvidia to China. Such restrictions not only hinder firms like AMD and Intel from selling chips to China but also impact chip equipment manufacturers like Applied Materials, Lam Research, and KLA.
These measures have been dubbed by media outlets as the U.S.'s declaration of war on China, aiming to bombard its semiconductor development indiscriminately.
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