China unconcerned by latest US chip export restrictions

News Snapshot:

A new set of US trade restrictions against China became official today. The move comes a few weeks after it was discovered that Huawei managed to obtain AI chips developed with US technology in TSMC factories. Also in the midst of investigations into a potential hacking campaign against big American carriers. Now, China responds to the latest US export restrictions, stating that they can overcome them. If you are not aware, the new chip trade restrictions prohibit 140 companies from doing business with China. The restrictions impact chip manufacturing equipment, software tools, and high-bandwidth memory. The latter is a key...