#BNBChainMeme #USChinaTensions

Will America lose the electronic chip market to China?

The US administration is trying to restrict exports of strategically important computer chips to China, but experts say that these efforts may backfire and fuel innovation in Chinese companies, helping them gain control of the global semiconductor market.

The French press agency quoted Jack Gold as saying that what is actually happening is that "the US government is giving China a major victory as it pushes their business related to electronic chips forward," adding that "once they achieve competitiveness, they will start selling worldwide and people will buy their chips."

He explained that when this happens, it will be difficult for American electronic chip manufacturers to regain the market share they have lost.

The prominent American semiconductor company "Nvidia" and its competitor "AMD" informed regulators - this week - that they expect to face significant financial damage due to new US licensing conditions for semiconductors exported to China.

Nvidia expects the new rules to cost it $5.5 billion, while AMD expects to drain an amount reaching $800 million from the company's net profits, according to documents filed with the US Securities and Exchange Commission

$TAO