AIRLINK 184.71 Increased By ▲ 0.85 (0.46%)
BOP 12.12 Increased By ▲ 0.30 (2.54%)
CNERGY 7.50 Decreased By ▼ -0.02 (-0.27%)
FCCL 47.52 Increased By ▲ 1.14 (2.46%)
FFL 16.15 No Change ▼ 0.00 (0%)
FLYNG 28.51 Increased By ▲ 0.73 (2.63%)
HUBC 141.58 Increased By ▲ 6.49 (4.8%)
HUMNL 13.18 Increased By ▲ 0.12 (0.92%)
KEL 4.63 Increased By ▲ 0.01 (0.22%)
KOSM 6.31 Increased By ▲ 0.11 (1.77%)
MLCF 60.37 Increased By ▲ 1.20 (2.03%)
OGDC 225.48 Increased By ▲ 2.42 (1.08%)
PACE 6.07 Increased By ▲ 0.28 (4.84%)
PAEL 48.14 Increased By ▲ 3.19 (7.1%)
PIAHCLA 18.27 Increased By ▲ 0.61 (3.45%)
PIBTL 11.05 Increased By ▲ 0.39 (3.66%)
POWER 11.83 Increased By ▲ 0.10 (0.85%)
PPL 189.65 Increased By ▲ 2.60 (1.39%)
PRL 36.36 Increased By ▲ 0.09 (0.25%)
PTC 24.52 Decreased By ▼ -0.25 (-1.01%)
SEARL 102.92 Increased By ▲ 1.97 (1.95%)
SILK 1.15 No Change ▼ 0.00 (0%)
SSGC 36.73 Decreased By ▼ -0.23 (-0.62%)
SYM 15.71 Increased By ▲ 0.02 (0.13%)
TELE 8.11 Increased By ▲ 0.23 (2.92%)
TPLP 11.26 Increased By ▲ 0.43 (3.97%)
TRG 70.31 Increased By ▲ 3.69 (5.54%)
WAVESAPP 11.16 Increased By ▲ 0.34 (3.14%)
WTL 1.40 Increased By ▲ 0.07 (5.26%)
YOUW 3.78 Decreased By ▼ -0.03 (-0.79%)
BR100 12,602 Increased By 143.7 (1.15%)
BR30 39,293 Increased By 986 (2.57%)
KSE100 117,974 Increased By 972.9 (0.83%)
KSE30 36,496 Increased By 361.4 (1%)

WASHINGTON: The United States announced new export restrictions Monday targeting China’s ability to make advanced semiconductors, drawing swift condemnation from Beijing as competition deepens between the world’s two biggest economies.

The moves step up US efforts to tighten curbs on exports of state-of-the-art chips to China, aiming to hinder the country’s ability to make chips that can be used in advanced weapons systems and in artificial intelligence.

The announcement comes weeks before President-elect Donald Trump returns to the White House, where he is expected to advance Washington’s hawkish stance on China.

“The United States has taken significant steps to protect our technology from being used by our adversaries in ways that threaten our national security,” said National Security Advisor Jake Sullivan in a statement.

He added that Washington will keep working with allies and partners “to proactively and aggressively safeguard our world-leading technologies and know-how so they aren’t used to undermine our national security.”

Beijing vowed Monday to defend its interests, with a Chinese commerce ministry spokesperson saying the United States “abuses export control measures” and has “hindered normal economic and trade exchanges.”

Comments

Comments are closed.