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Vietnam PM urges US to lift some high-tech export restrictions

Economic Times

Economic Times · 7m ago

Vietnam PM urges US to lift some high-tech export restrictions

Vietnam's Prime Minister, Pham Minh Chinh, has called on the United States to lift export restrictions on certain technologies and expressed interest in developing satellite communications. Chinh also emphasized the importance of maintaining good relations and cooperation between the two countries to address global challenges. He did not address the potential US tariffs on Vietnam, despite previous threats. Vietnam currently faces limitations on access to certain technology, but is allowed to import conventional weapons and some nuclear and missile technology. Chinh also highlighted Vietnam's desire for the US to recognize it as a market economy to potentially reduce tariffs on sanctioned trades.

Related News

Vietnam eyes first semiconductor plant, US officials warn of high costs

Economic Times

Economic Times · 1y ago

Vietnam eyes first semiconductor plant, US officials warn of high costs

Vietnam Eyeing First Semiconductor Plant as US Officials Warn of High Costs Vietnam is considering the establishment of its first semiconductor plant, despite warnings from US officials about potential high costs. The country is seeking to reduce its reliance on imported technology and boost its domestic semiconductor industry. However, US officials have cautioned Vietnam that building a high-tech semiconductor plant could be expensive, with costs potentially reaching billions of dollars.

US chip policy shift boosts outlook for Samsung, SK hynix - The Economic Times

Economic Times

Economic Times · 1d ago

US chip policy shift boosts outlook for Samsung, SK hynix - The Economic Times

The U.S. government's decision to lift Nvidia's AI chip export restrictions to China positively affects Samsung Electronics and SK hynix, major high-bandwidth memory (HBM) suppliers. The recent approval from U.S. Commerce Secretary allows Nvidia to sell H20 graphics processing units to China, boosting demand for HBM chips. This policy shift offers short-term benefits for Samsung and SK hynix, enhancing their position in the AI and high-performance server markets.

Huawei founder waves off US chip curbs while trade talks proceed

Economic Times

Economic Times · 1m ago

Huawei founder waves off US chip curbs while trade talks proceed

Huawei founder Ren Zhengfei claims US tech export restrictions have minimal impact on China's chip sector, as domestic firms innovate with chip packaging and open-source AI development. The statement coincides with US-China trade talks focused on tech shipments and export controls. US Commerce Secretary highlights these controls limiting China's semiconductor progress. Despite restrictions, Huawei has advanced in semiconductors, AI, and EVs, stressing its independence from Beijing amidst ongoing tensions over its operations.

China criticises new US rule banning use of Huawei's Ascend advanced computer chips

Economic Times

Economic Times · 2m ago

China criticises new US rule banning use of Huawei's Ascend advanced computer chips

China criticizes a new US rule that bans the global use of Huawei's Ascend advanced computer chips, part of ongoing trade tensions despite recent agreements. Beijing accuses the US of hampering mutually beneficial cooperation, while also lifting some retaliatory measures, like the ban on rare earth exports. Huawei's chips are integral to China's tech ambitions, and the US restrictions are framed as violating export controls, affecting China's AI advancements and trade relations.

Auto sector pushes 3-step plan to cut China dependence for rare earth magnets

Economic Times

Economic Times · 1m ago

Auto sector pushes 3-step plan to cut China dependence for rare earth magnets

The Indian auto industry has proposed a three-step plan to reduce dependence on China for rare earth magnets, crucial for electric vehicles. This includes incentivizing local assembly and recycling, as well as securing supplies from countries like Australia and Vietnam. Industry leaders urge government engagement with China to ease export restrictions while developing downstream and upstream domestic processing capabilities. Tensions with China complicate the situation, though some approvals for European parts makers offer hope.

Chinese firms stockpile high-end Samsung chips as they await new US curbs, say sources

Economic Times

Economic Times · 11m ago

Chinese firms stockpile high-end Samsung chips as they await new US curbs, say sources

Chinese tech companies, including Huawei and Baidu, are reportedly stockpiling high bandwidth memory (HBM) semiconductors from Samsung due to potential US export curbs. These firms have increased their purchases of HBM chips since early this year, making China account for around 30% of Samsung's HBM chip revenue in H1 2024. The move reflects China's desire to maintain its technology ambitions amid escalating trade tensions with the US and others, showing the impact of these tensions on the global semiconductor supply chain. The US is expected to introduce export restrictions on HBM chips as part of a new package.

US restricts sale of AI training chips to China

The Verge

The Verge · 1m ago

US restricts sale of AI training chips to China

The US government has restricted the export of AI training chips from Nvidia and AMD to China and Russia, citing potential military applications. The ban affects Nvidia's A100, H100, and AMD's MI250 chips, used in high-end AI systems. These restrictions form part of a broader US strategy to limit tech exports to curb rival powers. Nvidia's stock fell 6 percent after this disclosure, impacting its estimated $400 million in projected sales in China.

SpaceX's talks with Vietnam over Starlink on hold

Economic Times

Economic Times · 1y ago

SpaceX's talks with Vietnam over Starlink on hold

SpaceX's plans to provide communications services to Vietnam through its Starlink satellites have been halted due to restrictions on foreign ownership. SpaceX had been in discussions with Vietnamese authorities to provide satellite services for internet infrastructure upgrades and support for Vietnamese coast guard drones. However, talks were interrupted when it became clear that Vietnam would not lift limitations on foreign ownership for SpaceX. As a result, Starlink's pilot services for Vietnam's coast guard were suspended. It remains uncertain if talks will resume in the future. China's presence in the South China Sea is an additional factor in the situation.

Computer chip group SEMI says EU needs assertive industrial policy

Economic Times

Economic Times · 7m ago

Computer chip group SEMI says EU needs assertive industrial policy

SEMI Europe, an industry group, called for the European Commission to adopt recommendations made by Mario Draghi and launch a European Chips Act 2.0 to bolster Europe's competitiveness against the US and China. The group supports the centralised EU budget proposed by Draghi, along with a fast-track approval process for high-tech projects and increased spending to strengthen the European semiconductor ecosystem. As the US and China impose export restrictions on chip technology, SEMI Europe urges the EU to make quick decisions on its own export policy to protect strategic interests and assert a strong global presence.

US urges allies to bar firms from servicing key chipmaking tools for China

Economic Times

Economic Times · 1y ago

US urges allies to bar firms from servicing key chipmaking tools for China

The United States is urging its allies to prevent their domestic companies from servicing chipmaking tools for Chinese customers, as part of its ongoing efforts to hinder China's chipmaking capabilities. Export controls chief Alan Estevez stated that discussions were underway with allies to determine which components should not be serviced. This move comes as the US seeks to limit China's access to advanced chip technology, aiming to prevent its use for military purposes. The Biden administration previously imposed restrictions on American chipmaking tool shipments to China, convincing Japan and the Netherlands to follow suit.

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