American chipmaker Nvidia announced in a Wednesday quarterly report that the U.S. government informed them of a new license requirement that would prohibit the sale of two advanced chips to China and Russia.
The U.S. government was concerned that the chips, which have applications in artificial intelligence work, might be co-opted by the Chinese or Russian militaries, according to Nvidia’s quarter two report. The chips were expected to generate $400 million in quarterly sales, revenue which is now in jeopardy from the new restriction, according to Reuters.
China’s rise to rival the United States as a global superpower has been unprecedented. The last war between empires was centered around an arms race, and ended with the U.S. standing strong and solitary atop the world as the Soviet Union fell. But a new race has begun in those 30 years since. China sprinted ahead of the U.S., this time in the field of technology, and aims to stay there. But Congress and the Biden administration have other ideas.
Jim Renacci, a former congressman and candidate running for Ohio governor, knocked President Joe Biden over his discussion of Intel during his State of the Union address.
In the address, Biden connected future investments made by the company to legislation that would increase funding for semiconductor manufacturing.
Senator Bill Hagerty (R-TN), in conjunction with Senator Tom Cotton (R-AR), asked the U.S. Secretary of Commerce Gina Raimondo to enhance export controls on a semiconductor producer in China.
According to the duo, the producer, Semiconductor Manufacturing International Corporation (SMIC), is a pride of the Chinese Communist Party (CCP).
Computer giant Intel Friday officially announced its intention to build a multi-billion dollar semiconductor factory in Ohio.
“Intel today announced plans for an initial investment of more than $20 billion in the construction of two new leading-edge chip factories in Ohio,” a corporate press release said. “The investment will help boost production to meet the surging demand for advanced semiconductors, powering a new generation of innovative products from Intel and serving the needs of foundry customers as part of the company’s IDM 2.0 strategy. To support the development of the new site, Intel pledged an additional $100 million toward partnerships with educational institutions to build a pipeline of talent and bolster research programs in the region.”
After weeks-long speculation, it has been confirmed that a semiconductor company, which will produce computer chips, is moving into Ohio.
“Jersey Township trustee Ben Pieper confirmed to NBC4 Thursday afternoon that a nearly 3,200-acre area northeast of Columbus in Licking County will become a massive computer chip factory,” according to that news outlet.